24 Tennyson Street, ELWOOD VIC 3184
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- 1 Dec 2016
TROPHY RESIDENTIAL INVESTMENT OR DEVELOPMENT
A truly rare opportunity to secure a trophy residential investment and beach side land holding with unrivaled flexibility and upside.
This significant offering can be summarised by the following key attributes.
- 28 individual titles to be sold in one line
- An array of existing unit sizes from 32 to 109 sqm*
- Ultimate flexibility to renovate to generate maximum return - estimated fully let income of $547,560
- Renovate and sell down the individual units
- Convert the 28 units to short term accommodation (STCA)
- 1,878 sqm* regular site, perfectly nestled close to St Kilda Botanical gardens
- Existing planning permit for 44 luxury apartments over 4 levels (exc. basement)
Expressions of Interest closing Thursday 25th August at 3:00 PM (AEDT)
* areas are approx.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
24 Tennyson Street ELWOOD