1 Anderson Street
South Melbourne

Occupying a prized Emerald Hill position steps from MSAC, Albert Park Village, and moments from the South Melbourne Market, this impeccably maintained block of five one- and two-bedroom apartments on one title presents an exceptional investment opportunity, or an exceedingly rare chance to create a new luxury home or boutique development (STCA)*.

All currently tenanted, the two one-bedroom and three two-bedroom apartments deliver an excellent income stream with low outgoings, returning in total approximately $11471* per month. Enhanced by previously renovated Neometro interiors with secure parking on-site for each dwelling, the property offers undeniable appeal as a secure, low-maintenance investment, while also presenting outstanding potential to plan a luxurious new build (STCA) in line with heritage considerations.

Idyllically positioned within a short stroll of Clarendon Street’s dining precinct, tram routes, and Albert Park Lake, and only minutes from Melbourne’s leading schools, The Royal Botanic Gardens, the beach, and the CBD, it promises both immediate and long-term rewards in a genuinely first-class city-edge setting.

Land Size: 455 sqm approx.

*Artist’s impression images are illustrative and depict an indicative concept not yet approved by council and subject to all planning permissions.

*Rental income figures are approximate. Buyers are advised to undertake their own due diligence.