1-9 / 16 Cardigan Street, St Kilda East
A rock solid 60’s investment opportunity
An investment opportunity of a lifetime awaits in a prime lifestyle location! Investors & developers, don’t miss this unique opportunity to make your mark & enjoy endless blue-chip returns on an exceptional solid 60’s block of nine generously proportioned apartments. Brilliantly located & loaded with lifestyle advantages, this well maintained block offers the best of both worlds. Investors looking to secure property in a high growth location, with potential to achieve a rental income of approximately $360 per week each & with scope for further refurbishment, to hold, on sell individually or even redevelop – the options are endless (STCA). This 927m2* allotment comprises three levels of two bedroom single level apartments with house like proportions & varying floorplans. All nine large, light filled & neatly presented apartments feature parquetry flooring, a separate functional kitchen with gas cooking & space for meals area, spacious living/dining room enjoying balcony access, original condition central bathrooms with laundry facilities, separate toilets & two good-sized bedrooms with built in robes. The block also features undercover & off street parking for each apartment. Ideally located in the heart of St Kilda East close to the fabulous Carlisle Street with some of Melbourne’s best coffees, vibrant nightlife, beautiful parklands & a choice of transport options at your fingertips. Don’t miss this rare & exciting opportunity to capitalise on this fantastic address! *Approximate Title Dimensions.