287 Grimshaw Street Watsonia, VIC 3087

Perfectly positioned on a 378m² (approx.) corner allotment, this unique property presents an outstanding opportunity for first-home buyers, investors, or developers alike. Located just moments from the vibrant Watsonia Road shopping precinct, train station, and bus services along Grimshaw Street, convenience is at your doorstep. Plus, with easy access to Greensborough Plaza and the upcoming North East Link, future growth is assured.

Retaining its original red brick charm, the home has been cleverly divided into two separate residences, each currently tenanted and generating a combined rental income of $2,713 per month. Ideal for those seeking a solid investment, the existing setup offers flexibility and strong returns. For those looking to occupy, the property provides exceptional accommodation, featuring 2 bedrooms, two bathrooms, two kitchens, and a lock up garage plus off street parking. Whether you choose to maintain its dual-income potential, renovate to occupy or explore development possibilities (STCA), this is a rare find in a highly sought-after location.

Land size: 378m2 approx
Deposit: 10% of the purchase price
Settlement preference: 30/60 days
Rental assessment: Currently leased at $2713 pcm