Colliers is pleased to offer this sensational investment, development or value add opportunity in the thriving inner-city location of South Yarra.
This three-level apartment building comprises nine (9) apartments with associated on-site car parking and is well located with Fawkner Park, The Royal Botanic Gardens, The Yarra River, Toorak Road and Chapel Street shopping and entertainment precincts all within 1km of the property.
For Sale by Expressions of Interest closing Thursday 4 November at 2:00pm.
Key features are below:
- Exceptionally scarce block of 9 individually titled apartments being offered in one line
- Potential fully leased income of $158,460* per annum
- Strong underlying land value with a total site area of 500m²* and frontage to Alexandra Street of 19.85m*
- Unrivalled connectivity with train access at South Yarra station, tram access at Toorak Road/St Kilda Road, car access via Punt Road and walking accessibility all of the above
- Value add opportunity to renovate and reposition the apartments to capitalise on the strong tenant demand in this location or to sell down individually
- High performing residential market with a median house price in excess of $2,060,000** and a clearance rate of 90%**
For further information, please contact the exclusive selling agents at Colliers.
Hamish Burgess
0421 641 497
Jozef Dickinson
0402 678 888
