34 Cole Crescent, COBURG VIC 3058


Beds: 6 Baths: 5 Garage: 4




An amazing solid brick art deco building on a corner allotment with approx 1000 mt2 of land.

Once the grand home of the local pharmacist and philanthropist, circa 1930, it is currently configured with;

3 spacious one bedroom apartments; plus 1 Massive Three bedroom ground floor apartment that could be further converted into 2 x 1 bedroom apartments allowing for 5 fully self-contained old world apartments, beautifully restored throughout and all on one title.

Ideally suited as a combination of long term investment with further development potential, STCA, or as a in vogue B & B in this superbly quiet, peaceful and leafy park surroundings of Merri Creeks walking tracks and bike paths.

Located minutes to the Nicholson street tram for an easy ride to the City and Melbourne University.

Features include all services separately metered, gas hydronic heating, tiled bathrooms, timber floors, intercom system, secure electronic operating doors/gates, surveillance cameras and a low maintenance garden.
All 4 apartments currently leased showing a return of $73,000 pa with potential rental in excess of $80,000 per year …

Seize this amazing opportunity now and never look back….

Price guide
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Contact Agent
  • Alex Djorgonoski


    As Director of Nicholson Real Estate, Alex is very focused and committed to being the best he can be. He's been in the industry since 1984, he says his favourite part of his life long career is the opportunity to be part of peoples search for a new home or investment. He loves achieving the best results for his vendors, he enjoys the wide diversity of people he encounters on a daily basis. Alex has been a director for 22 years and an auctioneer for nearly 30 conducting over 2,000 successful auctions.. In addition to real estate, Alex is a... Read More

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Property Features
  • 6 bed
  • 5 bath
  • 4 Parking Spaces
  • Land is 1,000 square
  • 4 Garage
  • 5 Open Parking Spaces
  • 4 Remote Garage
  • Built In Robes
  • Floor Boards
  • Broadband
  • Courtyard
  • Outdoor Entertaining
  • Hydronic Heating
  • Gas Heating