A golden investment opportunity
Offered for the first time in over 30 years, this magnificent apartment building (on separate titles) is nothing short of pure investment gold. To be sold as one, it offers a rare once-in-a lifetime opportunity to transform 15 one bedroom apartments - ground floor with courtyards, 12 car spaces on title & a communal laundry on site into a lucrative business venture with strong returns on investment. Furthering the outstanding potential, it’s ideally placed to capitalise on the bourgeoning short-stays b & b holiday market due to the stunning location. Live as is & reap rewarding rents, or for minimal effort make your mark renovating or redeveloping (STCA) to the highest standards on a highly-sought-after allotment totalling 655m2*. The endless potential for the astute investor is clear, perfectly located close to transport, the famous Astor Cinema, Chapel street’s renown café’s, hip nightlife & boutique shops. Nestled on the cusp of St Kilda & Windsor, it’s minutes to either the CBD or beach & also conveniently located close to parks & schools. Don’t miss this unique opportunity to acquire a rare property in this high yield & rapid capital growth location. *Approximate Title Dimensions.
St Kilda suburb statistics
Houses*
Median sale price
$1,570,000
Quarterly price change
-0.96%
Units*
Median sale price
$530,000
Quarterly price change
-3.40%
Sales insights
Auction clearance rate*
72%
Median days on market∧
42 days
Total sold properties*
185
*Updated quarterly for the past 12 months
^Updated daily for the past quarter
~Updated daily for the past 12 months
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