Sold5 Sackville Street, Kew
Refurbish or Redevelop
sold 5 Sackville Street, Kew, VIC
1 of 6sold 5 Sackville Street, Kew, VIC
1 of 2Inspect by Appointment Only, Contact Nicholas Franzmann on 0412 247 175 or Nikki Van Gulick on 0419 325 911
A prime investment opportunity with immediate cashflow whilst offering options to upgrade and/or redevelop (STCA).
Located in Sackville Street on some 1,290sqm (approx.) of flat land enjoying a frontage of 24.66m and a preferred north facing rear which captures city views from the ground floor.
Currently four older style apartments, 2 ground floor and 2 on the first floor, each exceptionally spacious single level, 3 bedrooms with multiple living zones in original condition. Parking at the rear with carports and large open area offering an abundance of additional off-street parking.
An estimated annual rental return of $100,000 per annum when fully leased (unit 2 currently vacant).
Exciting development opportunity exists. The land is graded non-contributory allowing further development (STCA). Build your dream home capturing Melbourne's spectacular city skyline, with room for a pool and/or tennis court. Alternatively, renovate and/or extend the four existing oversized apartments to increase cashflow. Further potential to build more than one home (STCA).
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Welcome to Kew 3101
Median House Price
$2,620,000
2 Bedrooms
$1,506,500
3 Bedrooms
$2,160,000
4 Bedrooms
$2,920,000
5 Bedrooms+
$4,275,000
Kew, positioned just 5 kilometres east of Melbourne's CBD, is renowned for its sophistication and elegance.