"Whole Block" blue chip investment with huge scope for redevelopment (STCA).
A rare opportunity to acquire 12 x two-bedroom apartments in arguably South Yarra’s best position.
• Renovate and hold (great income upside) / renovate and sell individually?
• Land size: 583 Sqm (approx.).
• No heritage overlay.
• Currently returning $190,000 per annum (approx.).
Ideally located close to all transport, Monash Freeway, renowned Toorak Road and Chapel Street shopping precincts, exclusive private schools, Yarra River bike trails, vibrant restaurants, cafes and nightlife, numerous parklands including The Royal Botanic Gardens, beaches and Melbourne CBD.