Fully leased 1960's apartment block located in proven location close to a host of enviable lifestyle amenities and Melbourne’s CBD, well suited to both passive and value-add investors

• Whole block currently returning $159,036* p.a. with potential market rental of $165,796* p.a.

• Comprising 6 separately titled apartments (4 x 3 beds & 2 x 1 beds) plus on-site car parking for 6 cars

• Corner General Residential (GRZ1) landholding of 501sqm* with dual frontage totalling 52.2m*

• Ideal “set & forget” investment or value-add / refurbish and sell down

• Strong suburb fundamentals including median house price of $1,700,000 and median unit price of $600,000 (source: REIV)

• Sought-after inner city location close to all transport options, thriving retail amenity, bay beaches and more

For Sale via on-site Auction on Thursday 5th March at 2:00pm.

For more information or to arrange an inspection, please contact the below:
Andrew Greenway 0409 547 626
Michael Gross 0419 355 561

In conjunction with MP Burke:
Pat Burke 0412 554 886

*approximate