Prime Investment Opportunity With High Value-Add Potential In Footscray
Positioned in one of Footscray's most desirable locations, less than 250m to Footscray Train Station, and approximately 6km from Melbourne CBD, this exceptional offering presents nine apartments to be sold as one. With the potential to deliver strong rental returns, this rare investment opportunity is a valuable addition to any property portfolio.
Property features comprise:
9 x two-bedroom apartments
Large land area: 709m2
Wide street frontage: 15.2m x 46.7m
Impressive potential annual return: $234,000
Rear lane access
Activity centre zoning providing future development potential
Unit 1: Fixed lease until 28/11/2026 of $1300 PCM
Unit 2: Periodic lease of $1300 PCM
Unit 3: Fixed lease until 28/11/2026 of $1820 PCM
Unit 4: Fixed lease until 28/12/2026 of $1777 PCM
Unit 5: Vacant
Unit 6: Periodic lease of $1300 PCM
Unit 7: Fixed lease until 28/11/2026 of $1300 PCM
Unit 8: Fixed lease until 28/11/2026 of $1864 PCM
Unit 9: Periodic lease of $1560 PCM
Set within the heart of vibrant Footscray, the property is surrounded by everything that has made this thriving inner-west suburb such a sought-after lifestyle and investment destination. Enjoy renowned restaurants, cafés and bars, the iconic Footscray Market, bustling shopping precincts, riverside parklands and walking trails, Victoria University and an excellent selection of local amenities all close by. With outstanding road and public transport connections, the location delivers exceptional convenience while retaining the character, culture and community atmosphere Footscray is famous for. Continued investment and growth throughout the area further reinforces Footscray's position as one of Melbourne's most exciting and well-connected inner-city neighbourhoods.
With the new Footscray hospital and Westgate tunnel now open, this is a rare opportunity for investors, developers and astute buyers to acquire a whole block in a thriving pocket of the Inner West with multiple income streams from numerous tenancies, with the ability to add value through renovation, increase rents, and secure a blue-chip asset in a tightly held and consistently high-performing location.
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