The one you’ve been waiting for! A rare and extraordinary opportunity for the ambitious investor to take ownership of this iconic art deco apartment block in a sought-after position just 700m from St Kilda Beach. Nestled in a tranquil cul-de-sac while also boasting additional rear access, this charming block of six two-bedroom units is ideally positioned with strong rental returns in excess of $100,000p.a. and excellent scope to upgrade and enhance interiors.
• Six two-bedroom homes offered as one
• Updated and classic art deco style
• Approx. 573sqm with rear access
• Quiet block with communal garden
• Walk to St Kilda Marina and beach
Featuring a blend of enduring art deco charm and modern renovations to selected units with three ground floor and three first floor residences, this much-loved property is flanked by a substantial north-west facing courtyard garden and twin garages off the rear laneway at Bayview Street. Enviably located in the most desirable pocket of Elwood just minutes to the beach, St Kilda Botanical Gardens, Brighton Rd trams to the CBD and endless cafes and restaurants in St Kilda’s famous Acland Street precinct.
Currently returning upwards of $100,000 pa with 1 apartment currently vacant. Current leases are on a month to month basis.
Terms 10% deposit, 60 Day Settlement
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