42 Albert Cresent , St Albans VIC 3021

460m2 SOLD FOR $750,000

8 beds

8 baths

2 parking

Ideal for income investment Opportunity

"This property will be available for private one-on-one inspections during the times advertised. It is a requirement for buyers to book an appointment before attending any inspection - please contact the agent to arrange this"

A rare and an exciting new concept that represents a blue-chip opportunity, once in a life time chance on this magnificent site with plans and permits to construct 8 X1 bedroom apartments over 2 levels. Each apartment is self-contained with lounge, kitchen, bathroom and toilet, plus a communal kitchen and laundry. All apartments enjoy plenty of natural light.
This is a brilliant and most exciting concept for the St Albans area with potential rental income of $100,000-$120,000 per annum.
Minutes to the new St Albans Station, Alfreida shopping precinct ,Brimkbank shopping centre, clinics, Sunshine hospital, primary and high schools and places of worship, while the Western ring road, Tullamarine freeway and Western highway are within minutes' away.

Property Details

• Type: House
• Bedrooms: 8
• Bathrooms: 8
• Other Parking: 2