22 St Leonards Road, Epsom

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14 Bed

8 Bath

8 Lounge

2 Carport

7 Other

Seize this! Rare DGZ Investment

For forty years this property has provided a solid investment return and now is for sale offering a rare opportunity in the double grammar zone. Comprised of six one bedroom units plus one, two storey bungalow, the property draws a current annual return of $145,080 (with potential for increase). Both structures have been well maintained.

The six unit brick building has a mix of remodelled and original flats, all have single car parking. Each has a separate bedroom, full-sized kitchen, bathroom, laundry and lounge.

The bungalow is currently two individual flats of four bedrooms on each level. However, it could be easily converted back into one large family home. A carport and additional parking is available. Both levels are spacious with large bedrooms, living areas and kitchens. Live in the house and manage the units or continue with the current lease arrangement.

A deceased estate, this is a rare opportunity for investors, family trusts and developers and is a must view as few such properties in this location exist.

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