406 Park Street
South Melbourne

Prominently situated on the corner of Montague Street, this distinguished, freestanding solid brick Victorian residence delivers a myriad of rewarding lifestyle and investment opportunities. Currently a seperate three bedroom residence upstairs, with a cafe business occupying the ground level and north-facing courtyard, it is already a superb addition to any investment portfolio for the astute investor to value add and lease out upstairs. Alternatively, it offers exciting future potential to one day combine both premises into one stunning family home with off street parking via rear lane access (STCA).

A host of glorious original features including high ceilings, staircase and Baltic pine floors add rich character to the upper level residence comprising a beautiful living room with open fire and ornate window boxes and a functional kitchen with meals space. There are also three bedrooms, a bright bathroom and Euro-laundry.

Downstairs polished concrete floors flow through the cafe and servery area. A commercial kitchen and large store-room lead out to the sunny private paved north-facing courtyard and the cafes toilet.

In a coveted location metres from St Vincent Gardens, Albert Park Village, the market, No.1 tram and schools, this is a rare and exciting opportunity for investors and home buyers.

Land size 160sqm approx.

Ideal opportunity for the investor / owner occupier.. - long established cafe , prime corner. Securely leased for 3 years from February 2021 at a rent of $50k pa. plus the gst and outgoings. Value add to occupy or invest on level one.

Agent in Conjunction -

Peter Lane 0499 668 801

Lane Commercial

Level 1, 115 Chapel st Prahran

www.lanecommercial.com.au