Main view of Homely blockOfUnits listing, 1 - 8/55 Mitchell Street, Northcote VIC 3070
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1 - 8/55 Mitchell Street, Northcote VIC 3070

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$2,950,000 - $3,200,000

  • 8 Bed
  • 8 Bath
  • 8 Car
  • 668m²

Block of Units for sale

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Block of Units description

“Huge Development Potential | 3 Frontages”

Potential for Multi Townhouses (STCA)

Currently - 8 x 1 Bedroom Apartments on One Title

Or supercharge your investment portfolio, get the most out of your super, make the most of the family trust with this terrific complex of eight apartments with frontage to Mitchell St and two frontages to ROW's totaling 668m2 allotment (approx.) that promises a regular low fuss income.

Perfectly positioned just moments stroll from all the delights of High Street and transportation. Each apartment has had works done to them over recent years and offer one generous bedroom, large separate living room, central bathroom, kitchen meals area and 2 x communal laundry facilities.

Currently all securely tenanted returning $134,000 (approx.) PA and there is scope over time to increase rental income, even more so after further cosmetic refurbishment.

Alternatively, you may wish to redevelop the entire block and strata title each apartment for maximum return.

For further information please call Belle Property Blackburn.

Property features

toilets

Toilets: 8

Land details

Area: 668m²

Documents

Statement of Information: View

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James Moss

Belle Property - Blackburn

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1 - 8/55 Mitchell Street, Northcote VIC 3070
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$3.0M-$3.2M
1 - 8/55 Mitchell Street, Northcote VIC 3070
  • 8
  • 8
  • 8
  • 668m²

James Moss

Belle Property - Blackburn
Contact the agent
To request an inspection