1-8/118 Gower Street

Preston VIC 3072

Block of units

Currently for sale - view listing

Overview

A block of eight large subdivided apartments

Presenting an exceptional opportunity to secure an entire block of eight individually subdivided, one-bedroom apartments in a convenient Preston location, just moments from public transport, shopping and local amenities. Each apartment offers approximately 42m² of internal living space, with an updated interior, practical floorplan and its own dedicated car parking space. All eight apartments are well presented, providing an attractive, low-maintenance investment opportunity. The property offers the added advantage of individual subdivision, providing flexibility for future owners to retain the entire block as an investment or potentially sell the apartments individually over time. Property Highlights: - Eight individually subdivided one-bedroom apartments - No Owners Corporation fees, the block is owned by one owner - Approximately 42m² of internal space per apartment - 6 of the apartments are renovated - All 8 apartments meet minimum for rental in Victoria - Each apartment has it's own private laundry within the unit - Dedicated car parking for each apartment - Low-maintenance building and grounds - Convenient access to the Plenty Road tram - Close to Preston Market, shopping and local amenities - Excellent investment flexibility through individual subdivision - Positioned in an established and highly accessible pocket of Preston, residents can enjoy the convenience of nearby public transport, Preston Market, local - cafés and shopping facilities. Whether you're looking to establish a substantial residential investment portfolio or acquire a property with the flexibility of eight separate titles, this is a rare opportunity to secure an entire block of updated apartments in one of Melbourne's well-established northern suburbs.