EOI Closing Monday 19th April 3.00pm
Significant investment/development opportunity
After almost 40 years of private ownership, a very rare opportunity for an outstanding investment and/or development opportunity in the heart of Brunswick's emerging café and restaurant precinct directly opposite Barkly Square Shopping Centre.
12 older style solid brick 2 bedroom units are on sale, all on separate strata titles to be offered as one.
Existing structure is over 3 levels with each unit offering 2 spacious bedrooms, kitchen, generous living room, bathroom/laundry facilities, individual balconies and off-street carparking.
Superbly positioned directly opposite Barkly Square with Sydney Road Shops and public transport options a stones' throw away. Parklands, Melbourne University, schooling options all close by and unparalleled proximity to the CBD and Carlton/ Lygon Street precincts.
Council approved extension on height allowance allows further scope for future vertical development if desired.
Offering brilliant potential for the savvy investor with minor improvements for some units and/or further development opportunities STCA.
Gross rental return on a fully let basis $225,000 per annum approximately.