1-4/2 Glenarm Road

Glen Iris VIC 3146

910 m²

Block of units

Currently for sale - view listing

Overview

Block of Four Strata Two-Bedroom Apartments with Upside

A stunning solid-brick block comprising four spacious two-bedroom residences, each featuring a separate dining room. A central entrance hall leads to a generous living area, complemented by a dedicated dining space with appealing front-facing views. Each apartment includes a large master bedroom, second bedroom, central bathroom, and a well-proportioned kitchen with meals area. Potential Development Upside Positioned on a substantial 910sqm (approx.) allotment with a deep rear garden, the property offers significant future potential. Chandler Architects have prepared a scheme for the addition of two substantial double-storey, three-bedroom townhouses, each with double garaging, while retaining a single garage for each of the four existing apartments. Townhouse 1: 177sqm plus garaging Townhouse 2: 150sqm plus garaging Current Lease Schedule Residence 1 Lease expiry: 24/09/2026 Rental: $2,173 pcm Residence 2 Lease expiry: 06/11/2026 Rental: $2,042 pcm Residence 3 Vacant Residence 4 Lease expiry: 07/10/2024 (Periodic) Rental: $1,955 pcm