25/06/2026
Opportunity β Mulgrave55. Seeking partners to help invest, clean up and renovate a 650mΒ² rectangular block in Mulgrave VIC. On market, so initial EOI close 10th July.
π Est. Purchase price: ~$810,000-$840,000
π§Ή Clean-up, upgrades & repairs to make rentable: ~$45,000
π Potential for 2 townhouses (STCA)
Investor exit options:
β
Exit upon DA/Town Planning approval
β
Continue through to construction and development
Estimated break-even sale price: ~$960,000
Potential sale price with DA approval: ~$1,050,000 - $1,100,00
All figures indicative and subject to due diligence.
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