100 Grosvenor Street, Balaclava VIC 3183

A massive opportunity exists to enjoy endless returns on a block of nine separately titled currently tenanted apartments, brilliantly located in an iconic St Kilda East location. Investors looking to secure property in a high growth locale, with potential to immediately achieve a rental return of $132,000 income per annum & with future options to renovate, hold, on sell individually or even redevelop – the options are endless (STCA). Located on a 519m2* allotment this solid brick, one owner apartment block comprises 7 x one bedroom apartments, 2 x two bedroom apartments & 9 undercover car spaces on title. Both two bedroom apartments include a separate functional kitchen with good storage & space for meals area, spacious living room with balcony, original condition central bathroom with laundry facilities, separate toilet & two good-sized bedrooms with built in robes, while the one bedroom apartments feature a spacious living room served by a functional kitchen, central bathroom & bedroom with built in robes. Also featuring rear laneway access. Investors don’t miss this unique opportunity to make your mark, immediately bring in a rental income & acquire this great address in a prime location with Ripponlea Village, Carlisle Street & public transport just a short stroll away. *Approximate Title Dimensions.