554-556 New Street
Brighton

"Tuesday 17th May & Wednesday 18th May Inspections for 556 New Street, Brighton Only"

An incredible opportunity presents itself in a coveted lifestyle location and in the GRZ 1 zone for the right investor, or fortunate family. Adjacent to the popular Elsternwick Nature Reserve, a block from the iconic and vibrant Glenhuntly Road precinct with easy access to trains, trams, shopping, gyms and a cinema and a just short distance to Elwood Beach, lifestyle is unrivalled in this remarkable locale. With the current accommodation encompassing two solid brick Art Deco town homes collectively situated on a generous corner block on 583sqm approx. central to outstanding amenities, this remarkable property is a sound investment with a solid rental return already, without lifting a finger. But, for those with grand designs for reimagining the dwellings, the potential is open ended (STCA). The existing short term tenanted dual lodgings comprise of one three bedroom, double story town house and one two bedroom, both with open plan living, off street parking, a leafy outlook and scope for updates to increase rental revenue. The size of the block, proximity to incredible schools, public transport and the beach, invites even further prospect through reimagining, or rebuilding (STCA) two modern town homes, or one large family home. Opportunities like this don't come along every day, seize the moment.