55 & 57 Eagle Parade NORLANE VIC
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UNDER OFFER! Prime Investment or Development Opportunity (STCA)
An outstanding opportunity to secure 55 & 57 Eagle Parade, Norlane - a duplex on one title set on a generous approx. 880m² allotment, offering immediate rental income with strong future potential.
Both properties are currently tenanted, providing a solid income stream while you plan for the future.
Rental Details:
55 Eagle Parade:
Currently leased with rent increasing to $360 per week from 31 March 2026.
Lease expiry: 30 March 2027
57 Eagle Parade:
Rent increasing to $370 per week from 11 April 2026.
Lease expiry: 11 April 2027
Combined annual income: approximately $37,960.
Each residence comprises:
* Two bedrooms
* Kitchen with meals area
* Bathroom with shower over bath
* Separate toilet
* Laundry
* Side drive for off street parking
This is a fantastic opportunity for investors seeking reliable returns now, with the flexibility to subdivide or redevelop in the future (STCA). Whether you land-bank, develop, or hold as a dual-income asset, the choice is yours - and the rewards are ready to be realised.
Ideally located close to Corio Village Shopping Centre, local schools and shopping strip, bus stops, and with easy access to Melbourne Road, this is a position that continues to grow in demand.
Invest today, reap the rewards tomorrow!
For more information or to arrange a viewing, please contact us today!
Please do not attend inspection if you have cold or flu like symptoms.
Dependent on weather, you may be asked to take your shoes off.
Thank you for your understanding.
https://www.consumer.vic.gov.au/duediligencechecklist
Disclaimer: All information provided has been obtained from sources we believe to be accurate and is provided as a guide only. We cannot guarantee the information is accurate and the Agent, Vendor and supplier accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.
Both properties are currently tenanted, providing a solid income stream while you plan for the future.
Rental Details:
55 Eagle Parade:
Currently leased with rent increasing to $360 per week from 31 March 2026.
Lease expiry: 30 March 2027
57 Eagle Parade:
Rent increasing to $370 per week from 11 April 2026.
Lease expiry: 11 April 2027
Combined annual income: approximately $37,960.
Each residence comprises:
* Two bedrooms
* Kitchen with meals area
* Bathroom with shower over bath
* Separate toilet
* Laundry
* Side drive for off street parking
This is a fantastic opportunity for investors seeking reliable returns now, with the flexibility to subdivide or redevelop in the future (STCA). Whether you land-bank, develop, or hold as a dual-income asset, the choice is yours - and the rewards are ready to be realised.
Ideally located close to Corio Village Shopping Centre, local schools and shopping strip, bus stops, and with easy access to Melbourne Road, this is a position that continues to grow in demand.
Invest today, reap the rewards tomorrow!
For more information or to arrange a viewing, please contact us today!
Please do not attend inspection if you have cold or flu like symptoms.
Dependent on weather, you may be asked to take your shoes off.
Thank you for your understanding.
https://www.consumer.vic.gov.au/duediligencechecklist
Disclaimer: All information provided has been obtained from sources we believe to be accurate and is provided as a guide only. We cannot guarantee the information is accurate and the Agent, Vendor and supplier accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.