A rare opportunity to secure 15 strata apartments. Boasting land of 1293m2 approx. with an annual return of $210,000 (when fully leased {currently returning $164,532) and huge potential to value add. Zoned ACZ1 and consisting of 13 x 2 bedroom and 3 x 1 bedroom apartments all with balconies and OSP (access via Pickett Street). Ideally suited to developers, investors with a long-term view for an investment in a prime location. Moments from renowned and vibrant Barkly Street retail precinct and Footscray Train Station, offering excellent access into the CBD. Other notable features include, wide street frontage, solid rental history, possibilities to further refurbish, individual resale and/or future redevelopment (STCA). Sprawling over three levels the block contains a combination of ground, first and second floor apartments, all low maintenance, with large living areas, bright spaces and an enviable lifestyle. Each apartment is spacious with a separate lounge and kitchen. Offering tremendous potential for future and instant returns, this is truly a rare opportunity in a highly regarded location.
In conjunction with Corser Property Consulting
Bernard Corser 0407 300 678
