Fully refurbished one-bedroom apartments on a 768 sqm bayside landholding in St Kilda, individually strata-titled and leased to Homes Victoria (DFFH).
Gross income of $443,215 p.a. from June 2026, with rent paid monthly by EFT directly from the State Government of Victoria.
A complete $1.44M rebuild was carried out by Cobild in 2023. 7 on-site car spaces.
Steps from Fitzroy Street, Chapel Street retail, Albert Park Lake and the beach, with tram routes 3, 16 and 96 providing direct CBD access.
A rare turnkey investment in one of Melbourne's most tightly held bayside precincts.