In a prime position just footsteps from Carlisle Street, this block of four Art Deco apartments presents a range of possibilities on a generous 636sqm (approx.). To be offered as one on one Title, the opportunity exists to invest and retain the existing securely let rental arrangements currently providing $82,000pa (approx.), perhaps renovate to improve those returns or explore development potential (STCA) in this outstanding Balaclava position. Each apartment features two-bedroom, one bathroom accommodation with rich original character, split heating/cooling and ample off street parking via side driveway. Whatever path you choose to pursue, success would seem a certainty in this high-performing inner-city location so close to Carlisle Street’s cosmopolitan shops, restaurants, bars and cafes, trams and Balaclava Station. Easy access to CBD trams, major arterial links and some of Melbourne’s most renowned inner urban lifestyle precincts including Chapel Street and St Kilda’s beachfront.
