5A Kinnear Street

Footscray VIC 3011

947 m²

Block of units

Currently for sale - view listing

Overview

Prime Location, Future Possibilities

Positioned in one of Melbourne's most rapidly evolving inner-west pockets, This property presents a rare opportunity to secure an entire block of ten apartments on approximately 947sqm with an impressive 24.9m (approx) frontage and strong existing income already in place. Comprising a mix of one and two-bedroom residences, the property delivers immediate rental return alongside outstanding future flexibility. With all current leases on month-to-month agreements and three units vacant, buyers have the unique advantage of generating income from day one while retaining the freedom to renovate, reposition, re-lease or explore longer-term redevelopment potential (STCA). The block includes: Ten apartments in total, INDIVIDUALLY TITLED (Strata Titled) TWO spacious two-bedroom apartments EIGHT one-bedroom apartments Ten open car spaces - INDIVIDUALLY TITLED Built-in robes throughout Combined annual return of approximately $180,000 per annum Opportunities of this scale are becoming increasingly difficult to secure throughout Melbourne's inner west, particularly within a location as consistently in demand as Footscray. Positioned moments from Footscray's thriving cafés and dining scene, public transport, Victoria University, Footscray Hospital precinct, Highpoint Shopping Centre and only minutes from the CBD, the property sits within a suburb that continues to experience significant growth and investment. Whether you're an investor seeking strong holding income, a developer looking for future scope, or a buyer searching for a substantial landholding in a blue-chip inner-west location, this is a property with flexibility written all over it. A rare combination of land, income and long-term opportunity - all in one strategic Footscray address.