To be sold as one, this entire block of separately titled 6 x 2-bedroom and 2 x 1-bedroom apartments occupies a north-facing allotment of approximately 743 square metres. Spread across two levels, the partially refurbished apartments feature generous living rooms, central kitchens – some with dishwashers and meals areas, covered car spaces at the rear, and secure intercom entry. There are also communal laundry facilities on each floor. Unit #1 and Unit #4 enjoy access to good-size front gardens, while Units #2 and #3 lead to private outdoor areas. Unit #4 also benefits from its own private car park as well as a second courtyard. As an investor, you might wish to adopt an ‘as-is’ approach and continue to line your pockets with a steady rental stream. Alternatively, you could gradually update each apartment and re-let at a higher rent or sell off to new investors or owner-occupiers once complete. Annual Rental Income approximately $145,000. From whichever perspective you look at it, this is undeniably a property that would make a great addition to any real estate or superannuation portfolio given the prized location so close to the shops and cosmopolitan restaurants in lively Koornang Road, Carnegie and Glenhuntly Stations, Lord Reserve, Koornang and Glen Huntly Parks, Memorial Swimming Pool, Caulfield Racecourse and Monash Uni’s Caulfield Campus.
