1-6/1 Collins Street

Essendon VIC 3040

799 m²

Block of units

Currently for sale - view listing

Overview

The block

Occupying a substantial corner allotment (approx 799sqm), this six-unit building offers quality accommodation, impressive returns (approx $114K per annum) and future development potential (STCA) making it an exceptionally rare and rewarding investment opportunity. To be sold as one, each of the six apartments is well-presented and well-appointed, along with being separately-titled providing exceptional flexibility to resell individually. Mutual to each dwelling is the inclusion of a large bedroom with walk-in robe and stylish ensuite bathroom. Add to this an open-design living/meals area accompanied by an updated kitchen with quality cooking appliances. Other common features to all include split-system heating/cooling, additional panel heaters and undercover balcony, plus a secure entrance, residents' laundry and six off-street parking spaces all accessed via the remote-control gated driveway. Note: apartments 4 and 6 have city views. Internal photos are of unit 6 only. Lincoln Park around the corner along with village shops, cafes and Mt Alexander Road trams, it's also close to a choice of bus routes, popular schools and local kinder/childcare providers, as well as easy access to Essendon Station, DFO and Citylink.