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A rare opportunity to acquire an architecturally renovated, fully leased apartment complex directly opposite Melbourne’s largest parklands. Designed and delivered by acclaimed developer Milieu, this exceptional 17-apartment complex offers strong income, long-term upside, and a trophy inner-city address.
Key Features:
> 17 apartments on one title comprising 15 x 1-bed, 1 x 3-bed and 1 x studio across 2 freestanding buildings on 1016sqm* of land.
> Returning $483,792 pa*, with a strong record of ultra low vacancy.
> Completely refurbished in collaboration with Breathe Architecture and Acre
> Award-winning sustainability design with communal amenities including BBQ area, vegetable garden, dog wash, laundries, and secure bike storage
> High-end internal upgrades including new kitchens, appliances, flooring, lighting, and split systems
> Professional asset management in place by Nelson Alexander
> Located in the heart of Brunswick, steps from Princes Park, Sydney Road, Jewell Station and Melbourne Uni
> 17 parking permits available
Strategic Opportunities:
> Buy fully leased for secure income
> Potential for future strata subdivision or individual resale (STCA)
> Long-term redevelopment potential (STCA)
For more information, contact exclusive selling agents Nelson Alexander Commercial.
*approx.
Remember to mention you found this property on CommercialReady
A rare opportunity to acquire an architecturally renovated, fully leased apartment complex directly opposite Melbourne’s largest parklands. Designed and delivered by acclaimed developer Milieu, this exceptional 17-apartment complex offers strong income, long-term upside, and a trophy inner-city address.
Key Features:
> 17 apartments on one title comprising 15 x 1-bed, 1 x 3-bed and 1 x studio across 2 freestanding buildings on 1016sqm* of land.
> Returning $483,792 pa*, with a strong record of ultra low vacancy.
> Completely refurbished in collaboration with Breathe Architecture and Acre
> Award-winning sustainability design with communal amenities including BBQ area, vegetable garden, dog wash, laundries, and secure bike storage
> High-end internal upgrades including new kitchens, appliances, flooring, lighting, and split systems
> Professional asset management in place by Nelson Alexander
> Located in the heart of Brunswick, steps from Princes Park, Sydney Road, Jewell Station and Melbourne Uni
> 17 parking permits available
Strategic Opportunities:
> Buy fully leased for secure income
> Potential for future strata subdivision or individual resale (STCA)
> Long-term redevelopment potential (STCA)
For more information, contact exclusive selling agents Nelson Alexander Commercial.
*approx.
Remember to mention you found this property on CommercialReady
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