Apartment Block For Sale In Montclair

This unique investment opportunity features a centrally located apartment block comprising 6 spacious residential units, a separate 1-bedroom granny flat, a double garage, and additional open land with excellent development potential. Positioned close to schools, shops, and a major mall, this property offers strong rental appeal and exceptional long-term value—perfect for investors looking to renovate and maximise returns.

Main Apartment Block – 6 Units

Each of the six units includes:

2 well-sized bedrooms

1 bathroom

Kitchen area

Private balcony

Prepaid electricity and prepaid water

The design of the building provides each tenant with comfort, privacy, and utility efficiency.

Granny Flat

The property also includes a separate 1-bedroom granny flat, ideal for:

Additional rental income

Extended family accommodation

Caretaker/manager housing

Double Garage

A secure double garage is included on the property, offering:

Safe parking

Additional storage space

Potential for conversion into extra rental units or workspace (if desired)

Condition & Renovation Opportunity

The apartment block requires renovation, presenting a perfect opportunity for investors to modernize the units and significantly increase the property's rental income and market value. With improvements, the property could be transformed into a high-yield rental complex or a stylish Bed-and-Breakfast.

Security & Access

The building benefits from a secure access gate, providing safety and controlled entry for residents.

Additional Development Potential

A noteworthy advantage of this property is the open land available on-site, offering space for:

A second apartment block

Additional rental units

Parking area expansion

Communal or recreational facilities

This makes the property highly adaptable for future development.

Prime Location

The property is conveniently situated close to:

Schools

Shopping centres

Local convenience stores

A major mall

Public transport routes

This central location ensures strong tenant demand and is ideal for long-term rentals, student accommodation, or a Bed-and-Breakfast setup.



A centrally located property requiring renovation, featuring 6 units, a 1-bedroom granny flat, a double garage, secure access, prepaid utilities, private balconies, and valuable open land for expansion—making it an excellent investment with high future returns