1-7/17 Martin Street

Thornbury VIC 3071

405 m²

758 m²

Block of units

Currently for sale - view listing

Overview

Exceptional Blue-Chip Opportunity

Being offered for the first time in over 50 years, this one owner block offers the ultimate blue-chip opportunity to purchase this entire holding of seven apartments sited on a substantial land holding of 758 sqm approx. and in the true heart of Thornbury, only 200m to High St, tram, shops, cafes and restaurants. With value add options available to subdivide and offer courtyards to ground floor apartments along with further internal enhancements, then sell off individually, options are aplenty. Currently returning approximately $160,000 per annum and with scope to further improve on this return, the site offers a mix of one and two bedroom apartments showcasing solid brick construction of its era. Most apartments have been tastefully renovated with updated kitchens and bathrooms and each apartment is designed with functional and open plan living zones. The expansive block features convenient side driveway leading to an expansive parking area including a couple of undercover spaces and visitor parking bays. Whether you’re an investor looking for high-yields diversified across multiple tenancies, or a developer seeking prime land for a project, this property offers endless opportunity. Positioned for ultimate lifestyle convenience, this rare landholding places residents just moments from iconic High Street and its vibrant array of cafes, bars, and boutiques. This unmissable opportunity boasts all the lifestyle advantages of its winning location.