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Boutique Block Of Ten In A Winning Location

1-10/25 Spencer Street, NORTHCOTE VIC, 3070

Sold

Property Sold in 1-10/25 Spencer Street, NORTHCOTE VIC, 3070

Love Commercial Pty Ltd

1/2 Ralph Street, Reservoir, VIC 3073

Listing ID:
11366497
Status:
Sold
Price:
$2,700,000
Last Updated:
05/12/2019
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Property Type

Land/Development
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Land Area

680 SQM
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Floor Area

N/A
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Parking

10

Boutique Block Of Ten In A Winning Location

This incredibly rare and exciting opening of a complete block of ten single bedroom apartments, owner built and offered for the first time in over fifty years, puts savvy investors in the heart of the trendy inner-north. Set on a generous parcel of approximately 680m2 and with a current rental return of approximately $143,500 approx p.a, it makes for a solid investment where options to further update, reconfigure or redevelop into the future, STCA, will only increase your return. Currently rented, these apartments, some on the second floor with city views, each include an oversized bedroom serviced by an ensuite bathroom, neat living area, serviceable kitchen plus a car space. A communal laundry and courtyard complete this block that boasts a premier location, a short walk to everything Northcote is famous for. From the cafes, bars and restaurants of High Street, Northcote Plaza shopping, Croxton Station, two tram lines and easy access to Merri Creek bike trails and the CBD, this unmissable opportunity boasts all the lifestyle advantages of its winning urban location.

Information Memorandum available upon request.

For more details, please email agent


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Love Commercial Pty Ltd

1/2 Ralph Street, Reservoir, VIC 3073


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