SOLD SOLD SOLD

Sold - COBURG VIC

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….