WHAT Resting in a leafy tree-lined avenue in one of Elwood’s finest pockets, this well-maintained block of units on over 620 sq m approx. offers a unique opportunity to secure a boutique complex with outstanding future potential. Held on one title, the solid brick building spans two levels, each of the 10 units features one bedroom, one bathroom, a spacious living and dining zone and well-appointed kitchen.• Boutique two-storey block of 10 units• Each unit includes 1 bed & 1-bath• Generous 624 sq m approx. Land SizeWHY With current annual rental figures of $184,000 per annum, delivering a generous yield and return, this enticing property offers exceptional income with further potential. Single title, there is opportunity to subdivide, renovate or re-develop (STCA) and secure your future. Further increasing the value and appeal, the units have been recently refreshed, some fully renovated, and all feature individual split-system heating and cooling for year-round comfort. With dual street-frontages there is good vehicle access. The site boasts ideal east-west orientation with a long northern boundary. • Current rental over $180,000 per annum• Majority of units recently refreshed or renovated• All units include split system heating and cooling WHEREBoasting a lifestyle address in a friendly tree-lined residential street, just a short stroll to the Elwood Beach foreshore (with direct beach access via path at end of street), Elwood Bathers restaurant, and shopping and cafés in Ormond Village. Conveniently close to parkland and walking trails for an active lifestyle, as well as buses, trams and trains, providing a stress-free commute and easy access to St Kilda’s vibrant esplanade, Chapel Street’s many attractions and the CBD.• Lush, leafy tree-lined residential street• Access to Elwood Beach (via path) & Ormond Village• Easy access to St Kilda’s esplanade & the CBD
