Four Unit Block On 488m2

Invest in one of Melbourne’s most sought after inner urban lifestyle neighbourhoods with this block of four townhouses in one of Balaclava’s most sought after pockets. To be offered as one on 488m2, the opportunity exists to reap instant set and forget rental returns from the currently tenanted three-bedroom homes whilst enjoying the consistent capital growth of your investment in one of Balaclava’s most sought after pockets. Alternatively, maximise the site with a contemporary redevelopment that mirrors the success of other recently completed projects (STCA) in this prime position just a short stroll from Carlisle Street shops, cafes and bars, buses, trams, trains and reserve parkland. Currently returning $108,000 pa on four separate leases, each three-bedroom two-bathroom home offers comfortable accommodation with modern kitchen, courtyard, ducted heating and off-street parking (Townhouse 1 with remote garage).