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Blue Ribbon Elwood Block of Flats + Vacant Land Primed fo...

389 Barkly Street, ELWOOD VIC, 3184

For Sale

Property for Sale in 389 Barkly Street, ELWOOD VIC, 3184

Listing ID:
11385238
Status:
Active
For:
Sale
Last Updated:
29/06/2020
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Property Type

Land/Development/Land/Development/Other
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Land Area

888 SQM
Icon size

Floor Area

1 SQM
Icon parking

Parking

N/A

Blue Ribbon Elwood Block of Flats + Vacant Land Primed for Development

Savills is delighted to offer for sale this prized Elwood block of flats set on an extraordinary block of land in the heart of Elwood, only moments from the beach. The property is further enhanced by a permit in place for two luxury townhouses fronting Lytton Street.

The key attributes of this premium property include:
• Spectacular 888sq m* landholding
• Dual frontages to Barkly & Lytton Streets
• Improved by high quality block of 4 x 3-bedroom art deco flats
• Fully leased income of $126,292 per annum*
• Huge rental upside potential
• Rear portion of the site (circa 500sq m*) vacant with new permit for two luxury townhouses fronting Lytton Street
• An incredible location with Melbourne’s best lifestyle amenity at your doorstep - metres from Point Ormond, Elwood Park & Elwood Beach
• Walking distance to Elwood Primary School & Elwood College
• Close to vibrant Ormond Road Retail Village and bustling Acland Street Retail Strip
• A rare and unique blue-chip property with investment security and unprecedented upside in one of Melbourne’s most exclusive locations

*Approx.

For Private Sale

For further information please contact:
Nick Peden - 0402 011 266
Jesse Radisich - 0402 085 702
Mark Stafford - 0404 401 053

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


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