Featuring a combined land size of approximately 752sqm (24.68m x 30.5m) complete with three-sided access, general residential zoning and no heritage overlays, these two properties (to be sold as one) are a developer's dream offering rare multi-dwelling potential in North Fitzroy.
Both blocks are occupied by 3BR homes which are currently tenanted (550 - $400pw / 552 - $585pw) providing a combined rental return of approximately $4268 per calendar month. Both properties also have a ROW at the rear, plus 550 Nicholson Street has the added advantage of being on the corner of Brookes Crescent.
A short stroll to the tram stop (route 96 to the CBD and St Kilda Beach) along with an impressive array of cafes, bars and restaurants, it's also close to popular schools, the open spaces of Edinburgh Gardens and the buzz of Brunswick Street.
