69 Power Street
Hawthorn

Situated on a large prime corner allotment this unit complex in original condition is perfectly positioned opposite leafy Grace Park, in one of Melbourne's finest residential precincts. Enhanced by sought-after family lifestyle preferences including easy access to an array of prestige schools, the CBD, West Hawthorn transport options, Swinburne University, Glenferrie Road shops, boutiques, cafes restaurants and cinema plus the Yarra river trails.

The complex is currently divided into five units, three in the main building and one in the second adjoining building plus one unit in an exterior bungalow at the rear on Hopkins lane; previously rented out to backpackers providing a substantial income per annum. Offering a frequently sought-after and rarely found opportunity to totally renovate and modernize a property of this character. Either sub-dividing or alternatively restoring and redeveloping by constructing one or two new homes to the rear capitalising on access from Charles Street and the rear Hopkins lane (STCA). Highlighting the exceptional investment potential for significant future capital gains on offer with this property. Rent to overseas visitors with possible income of $3000 p/w (approx.) from existing 5 fully-furnished units total 10 double beds.

Land size: 860 sqm (approx.)