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12 - 14 Bakers Gully Road, BRIGHT, 3741, Victoria

$560,000+
2
1
0

Property Id - HS118741
Click to enlarge (9 photos)

LJ Hooker Boronia

2/94 Boronia Road BORONIA VIC 3155
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Price
$560,000+
Bedrooms
2
Bathrooms
1
Car Spaces
0
Car Space Type
-
Property Type
Unit / Flat
Dwelling Size
-
Land Size
-

"Opportunity Knocks And Knocks And Knocks"

Only minutes walk from the town centre with all its gourmet cafes, restaurants and hotels is this ideal property bordered by Bakers Gully creek with matured landscaped, park like garden setting. There are currently four self contained holiday units that would also suit permanent residence. The four have the same floor plan comprising of 2 bedrooms, kitchen with large living area, bathroom and separate toilet. The grounds have different zones with a BBQ area and swings fronting the creek.\
The units have been very well maintained.
Options
1: Keep them as they are and have a income retirement by way of permanent residence or holiday letting.
2: modernise the existing units to increase the income.
3: redevelop the site as a whole to increase the number of units and renovate the existing ones provide pool, tennis court etc to provide a first class holiday resort.
4: Possible apply for separate titles for the existing units for resale.
Potentially many other options it's up to you

Inspection Times

  1. Please contact the agent to make an inspection.

Suburb Statistics

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Median House Value: $260,492

Median Unit Value: $235,336

House Median GraphUnit Median Graph
Measurement Houses Units
Median Value $260,492 $235,336
Median Weekly Rent (Gross) $270 $215
Suburb Rental Yields 5.50 % 4.92 %
Annual Number Of Sales 138 288
Average Vendor Discounting 7.94 % 3.57 %
Average Listing Duration 380 days 287 days
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Disclaimer: © Residex Pty Ltd

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1 Suburb data provided by Residex Pty Ltd
2 Suburb Home Ownership and Population data created by Residex Pty Ltd, using data provided by ABS (2006)

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