128 Princes Highway, Norlane, Vic 3214

A most intriguing and highly versatile property is currently occupied by 2 separate dwellings enjoying a prominent allotment totaling approx 920m2. The grand Edwardian styled residence is currently let at $260 per week and comprises of 3 large bedrooms, 2 bathrooms, separate laundry, kitchen expansive living, dining area. There is also a side drive to garage for up to 3 cars. At the rear facing Rose Avenue is a beautifully presented relocatable 1 bedroom residence comprising large open plan living, dining and adjoining kitchen, bathroom and laundry. There is also 2 separate storage facilities and carport. The estimated rental return of this unit is approximately $170-$180 per week and together with the adjoining home the total income represents approx $22,600 per year or 6.37% yield. Given the position, the 2 street frontages this property has numerous possibilities for the astute developer/investor or alternatively live in one and rent out the other.

Land Dimensions 20.1m x 45.8m = 921m2