1-10/5 Byrne Avenue

Elwood VIC 3184

485 m²

Block of units

Currently for sale - view listing

Overview

San Remo - Golden Mile Opportunity

First time offered in 97 years and situated in one of Elwood’s most tightly held streets, this older block with delightful facade, of 10 spacious solid brick apartments presents a rare opportunity to acquire an entire residential holding on a single title in a premier bayside location. The solidly constructed building offers large 1 bedroom plus study/sunroom floorplans, neat kitchens and bathrooms, excellent natural light and immediate rental income (approx. $207,000 pa), with scope for refurbishment and rental growth over time. It has a quiet leafy outlook and is located just moments from Elwood Beach and St Kilda Foreshore on Port Phillip Bay, Ormond Road village, transport and parklands, walking and cycling tracks. This is an ideal acquisition for investors seeking a secure, long-term asset in a proven location. Further details available on request. Property Features Carport Space / Storeroom :1 Communal Laundry Spaces: 2 NBN high Speed is available to all units