Outstanding residential investment
A trophy asset in a sought-after & improving residential location with future rental & capital growth upside, the unparalleled investment pedigree of 2 Dunoon Street is underpinned by the ultimate flexibility of being able to hold all fourteen (14) apartments or progressively sell down over time without incurring further subdivisional costs.
Current projected income with all apartments occupied is approximately $345,540 per annum.
The property comprises secure basement resident parking accessed from the Railway Parade frontage, individually assigned car parking bay & storage cage for each apartment, plus visitor parking. There are six ground level apartments (tiled garden courtyards), stairwells to a further five apartments to first floor (each with balcony) & three apartments to uppermost level (also balconies).
Evident throughout, the emphasis is on design & convenience for residents. Fittings & fixtures including quality floor coverings (carpet to living areas / bedrooms, timber look laminated floating flooring to kitchens & tiling to bathrooms/wet areas), mirror-finish built-in wardrobes, Euro-style laundry facilities, “Blanco” appliances (cooktop, rangehood & dishwasher), “Daikin” reverse cycle air conditioning & “Rinnai” gas instantaneous hot water services.
A well-maintained, contemporary apartment complex on a corner allotment of approximately 760 sq. metres in the heart of Murrumbeena, 2 Dunoon Street offers unparalleled convenience, positioned opposite the recently rebuilt Murrumbeena railway station & within walking distance of the Koornang Road, Carnegie retail shopping strip whilst Chadstone (“The Fashion Capital”) is approximately 1 kilometre north east on Dandenong Road (Princes Highway). Nearby educational facilities include Murrumbeena Primary School & the Caulfield Campus of Monash University, two stops away via train.
A detailed Information Memorandum, including Tenancy Schedule, is available upon request.
Murrumbeena suburb statistics
Houses*
Median sale price
$1,685,000
Quarterly price change
-2.26%
Units*
Median sale price
$595,000
Quarterly price change
-0.42%
Sales insights
Auction clearance rate*
55%
Median days on market∧
25 days
Total sold properties*
51
*Updated quarterly for the past 12 months
^Updated daily for the past quarter
~Updated daily for the past 12 months
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