This solid block of four apartments presents an excellent opportunity to invest or add further value (STCA) with four separate titles to be sold as one. The block is set on a land size of approximately 617sqm and is located in a prime Elwood position on a corner block with street frontage on Brighton Road and Hennessey Avenue. The fully let income potential is approximately $150,000 per annum.
The apartment configuration originally comprised of three spacious 2-bedroom apartments and one spacious 3-bedroom apartment on the ground floor. Apartment sizes range from 83-148 sqm.
The block is further enhanced by a front yard and back yard with scope to convert to separate courtyards or off-street parking at the rear (STCA).
Located in one of Melbourne’s best bayside suburbs, this property offers close proximity to Carlisle Street and Acland Street amenities, St Kilda beach, public transport including trams and Balaclava train station, as well as a range of schools.