Expression Of Interest
Closing 4th October at 5:00pm
This exceptional block of eight strata-titled apartments, to be sold as a whole, presents an unmissable opportunity for astute investors. Held tightly for more than half a century, the property comprises 4 oversized two-bedroom and 4 oversized one-bedroom residences, each with undercover parking, and offers immediate rental income with outstanding scope for growth.
- Current potential rental return: approx. $148,000 p.a. (with significant upside)
- Land size: 640sqm (approx.)
- Separately Titled : hold, refurbish, sell individually, or redevelop (STCA)
Perfectly positioned, tenants enjoy cafés, restaurants and retail on High Street, the Plenty Road tram and brewery strip, and easy access to Preston Market, Northland, parks and cinemas. With secure holding income, multiple exit strategies and a location in one of Melbourne's strongest rental markets, this is a rare, blue-chip investment with long-term potential.
