8 x 1 & 2 bedroom apartments, on one title, to be sold as a whole.
An excellent investment opportunity presents itself to the astute investor or renovator with this solid brick block of eight spacious one and two-bedroom apartments (all on one title) offering endless opportunities to retain ‘as is’ or develop in to eight individual titles (STCA).
The apartments comprise of; Spacious bedrooms, storage throughout, open plan living & dining areas, separate kitchens, central bathrooms, study areas, heating/cooling throughout, period features and a large communal courtyard area on title.
6 of 8 currently tenanted, some long-term tenants, returning approximately $93,000 per annum, with the potential to return in excess of $120,000 at full capacity.
The premium location further compliments the property with easy access to public transport, trams on the doorstep and Ripponlea Station only metres away, bustling Chapel Street and trendy Carlisle Street precincts all within close proximity and St Kilda on your doorstep.