Rare Mid-Century Block of Eight in a Winning Location

Superbly positioned opposite the newly upgraded Penders Park and just a short walk to High Street, this owner built block of eight spacious two bedroom apartments (each of approx. 70m2 in size) is being offered as one exceptionally unique package. Presenting astute buyers with an opportunity as rare as it is exciting, this mid-century block on 918m2 (approx.) with ROW boasts impressive 60’s era proportions. All eight apartments are currently leased and comprise two bedrooms, sizeable kitchens, spacious living/dining, bathroom with laundry facilities and a car space on title, the ground floor apartments can potentially be reconfigured to include private courtyards. Currently returning approximately $131,270 per annum and with enormous investment appeal, this singular property offers options to further update, reconfigure or redevelop into the future to increase your return, or capitalise on the site’s fashionable locale and craft a brand-new state-of-the art family home or parkside boutique development (STCA). Within a short stroll of cafes, restaurants and trams, near well-regarded schools and local shopping, this unmissable opportunity boasts all the lifestyle advantages of its winning location.