Emmetts are pleased to present for sale, a rare entry-level affordable mixed use freehold providing opportunity for a wide range of valuable uses.
Key investment considerations include:
+ Conveniently positioned on Wellington Street in St Kilda surrounded by medium and high density living, with strong local population growth of 13.7% growth since 2016^.
+ Rapidly gentrifying location with median dwelling value of $1,666,228 and median apartment value of $563,877^.
+ Freehold land of 179 square metres* with Wellington Street frontage of 6.81 metres*
+ Two storey building, configured as a ground floor retail/hospitality tenancy and a first-floor residential 2-bedroom residential apartment with balcony.
+ Separate access to spacious rear yard via side walkway off Wellington Street.
+Sunny rear courtyard.
+ Flexible Mixed Use Zoning providing opportunity for a range of uses including retail, hospitality, office, medical, allied health or residential.
+ Mixed Use Zone (MUZ)
+ The location provides excellent public transportation links, with Windsor Train Station, and number 3, 5, 16, 64, 67, 78 trams within 10 minutes' walk as well as ease of access to arterial motorways.
+ Potential to value-add or develop (STCA).
+ Blank canvas freehold opportunity for owner occupiers, value add investors and developers (STCA)
This is an incredibly rare entry level mixed use freehold opportunity in a location that is benefitting from strong population growth and gentrification.
For further information, please contact Emmetts, the exclusive selling agents.
*Denotes approximate
^Source: Core Logic
STCA = Subject to Council Approval.
Disclaimer: note all graphically depicted property outlines are for indicative purposes only and should not be relied up. Purchases should rely solely on the title plan as provided in the Vendor Statement.
