389 Barkly Street, Elwood VIC 3184

EXPRESSIONS OF INTEREST CLOSING FRIDAY 18TH DECEMBER AT 11.00AM

A rare and rewarding opportunity to secure a substantial piece of bayside Elwood, this sensational allotment of 888sqm (approximately) with the bonus of dual street frontages comes complete with a classic Art Deco block that is home to four spacious 3-BR/1-Bath apartments. Located just metres to parklands, the stunning foreshore precinct & beautiful beaches, this premium position is close to the dining options and boutiques on both Ormond Road and Acland Street as well as being near a choice of public transport.
Typical of the era, beyond the appealing Art-deco façade the light-filled apartments feature high ceilings, warm timber floors and generous rooms - each one also including onsite parking. An exceptional investment providing a potential return of approximately $126,292 pa, there is the added exciting option to take advantage of existing permits for two executive townhouses fronting Lytton Street that capitalise on the current 500sqm (approx) of open garden space.
A land parcel of this size, an opportunity of this magnitude and a Blue Chip location of this class all combine to equal an exclusive package that should not be missed.