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Aston Commercial are pleased to offer 37 Hope Street, South Yarra for sale by Auction on Thursday 6th May at 12noon on-site.
Fully Leased Income of $214,000*
17 Apartments Comprising 16 Studios & 1 x 1 Bedroom
Land Area of 464sqm* with 15m* Frontage
Development Potential
Solid Income Today with a Big Future
Positioned in the heart of South Yarras Domain Botanical precinct nestled between Fawkner Park and The Botanical Gardens is this 1970s classic three storey block of seventeen apartments. This is a unique opportunity to secure a significant land holding in one of Melbournes most tightly held exclusive locations with holding income and unprecedented upside.
Over the journey of a propertys life, buildings depreciate and land appreciates! While 37 Hope Street provides good and solid income, the value of land and its potential for a new development could outweigh the investment value. Offerings in this location are rare. Add to this a frontage supportive of development and you have a once in a lifetime opportunity. The address is suited to high end residential. A luxury home, townhouses or apartments, the choice is yours.
Aston Commercial highly recommends this premium property for your serious consideration.
*approx.
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