Blue Chip Art Deco Block Of 7 Apartments On Botanic Gardens

“St Leonards” Exclusive Art Deco Block Of 7 Apartments in the highly sought after Botanic Gardens precinct, is a rare opportunity with multiple options, walking distance to the very best lifestyle amenities including MCG, CBD, Arts Centre, Yarra River, Tan and leading schools. <br/><br/>One of South Yarra’s most handsome and well located apartment buildings, sits proudly at the end of this exclusive court opposite the Botanic Gardens and the Tan. Generously proportioned and with a prized north facing aspect, the 7 apartments are comprised of - three, two-bedroom & four, one-bedroom with one car park per unit. The apartments are well maintained and presented and fully let, currently returning $181,872 approx. per annum with rents increasing to $187,446 soon. 4 of the 7 apartments are on periodic tenancies. This stunning block sits on a generous 602sqm approx. allotment comprising two titles, offering views to the CBD & the MCG.<br/><br/>A rare opportunity to acquire such fine real estate with multiple options and upside. Enjoy capital growth and steady returns as a set and forget investment with continued strong demand from tenants wanting to live in this prized precinct. Ideal family compound. Convert to a single family home which are scarce and highly coveted in this location. Redevelop/subdivide STCA.<br/><br/>Whatever the options, this blue chip asset offers current certainty and future upside and security in an increasingly volatile investment environment. A rare opportunity to secure one of South Yarra’s noted Art-deco apartment blocks on the edge of the Botanic Gardens with multiple and flexible options, ready to be enjoyed now, live in, invest or redevelop STCA.