Unlock exceptional potential with this highly scarce offering: an entire block of nine (9) individually titled apartments in the heart of thriving South Yarra. This is a unique chance for investors, developers, or owner-occupiers seeking significant value-add, immediate income, or strategic landholding in one of Melbourne's most coveted locations.
Why This Opportunity Stands Out:
1. Unmatched Scarcity & Scale: Own a complete, low-maintenance apartment block - a rare chance to secure nine titles in one transaction. Immediate potential for $208,696 p.a. gross rental income.
2. Prime Land Value: Positioned on a substantial 500sqm block (approx.) with a commanding 19.85m frontage to Alexandra Street. Strong underlying land value offers exceptional future development potential (STCA).
3. Elite South Yarra Positioning: Enjoy an unbeatable address moments from Melbourne's finest:
* Lifestyle: Chapel Street's boutiques, cafes, restaurants & nightlife. Toorak Road shopping. Prahran Market.
* Recreation: Fawkner Park (directly opposite), Royal Botanic Gardens, Yarra River trails.
* Education: Proximity to Toorak Primary, Prahran High, Melbourne High, Melbourne Girls' College.
* Connectivity: Steps from South Yarra Station, Toorak Road/St Kilda Road trams, Punt Road. Effortless access to the CBD & beyond.
The Asset:
* Three-level, recently renovated apartment building.
* Nine (9) individually titled apartments.
* 5-6 on-site car spaces.
* Walk Score: 98/100 (Walker's Paradise). Everything you need is within a 1km radius.
The Potential:
* Immediate Strong Rental Income: Secure stable cash flow from a fully leased block.
* Value-Add Enhancement: Potential to uplift rents or refurbish for increased returns.
* Strategic Landbank: Hold and capitalise on significant future development upside in this tightly held precinct (STCA).
* Low-Maintenance Investment: Simplify your portfolio with a single, high-performing asset.
Act Now - This Won't Last:
South Yarra opportunities of this scale and location are extraordinarily rare. Secure your future in one of Melbourne's most dynamic and desirable suburbs.
