19-21 Rankins Road Kensington VIC 3031

An opportunity seldom seen or offered in what is one of inner-Melbourne's most cherished enclaves, this entire block of six updated units on a dual-frontage parcel promises enticing yield and room for further growth. Sprawling over almost 400sqm of land with on-site car parks and rear frontage to a wide laneway, the block proves attractive as a six-unit investment generating dependable income long into the future, while further upside is available through the potential of land banking and future development. As it stands, each revamped unit comprises two robe-lined bedrooms, a sizeable bathroom, substantial living/dining area, modern kitchen, and dedicated car space, with combined income in the vicinity of $150,000 per annum. Under 4km from Melbourne's CBD, it's brilliantly positioned with the celebrated cuisine and village vibrancy of Racecourse and Macaulay Road at each end of the street, while also just metres from Newmarket, Kensington Village, Flemington Bridge, Macaulay Station, the local shopping plaza with Woolworths, city-bound 57 tram and CityLink for quick cross-town commutes.