5 Ormond Road, West Footscray

An entirely unique property offering the prospect of healthy investment returns and the potential for a rewarding re-development project, STCA, this is a site and a setting that's totally tempting for a range of reasons. Currently, the block's original two bedroom residence and four one bedroom units, all on a single title, return just over $78,000 per annum, a 6% return on the upper end of the projected price guide for this address. The opportunity to continue enjoying the current consistent rental revenue stream is complemented by the option to consider re-developing the entire allotment's 739sqm approx. in an ideal location literally a c80m walk to Corpus Christi Primary School. Proximity to bus routes, West Footscray station trains and Hansen Reserve adds to the appeal – both present and future – where the presence of renovated period homes enhances the sense of possibility.