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). Due Diligence Checklist
Live Like a Local
Kew has long been considered the home of Melbourne’s elite, and with its history and heritage it’s easy to see why. This handsome suburb is just seven kilometres from the CBD, yet feels like another world. Filled with established trees and beautiful parks, Kew provides a range of activities normally reserved for country living – from a few rounds of golf to a romantic row down the river. It’s also perfect for families looking to provide the very best for their children, as home to some of the most exclusive schools in the state. Faraway from the graffiti-painted laneways of the city, you’ll find a uniquely serene atmosphere that Kew calls its very own.