The above headline should be enough to pique interest, but if you are keen on the written word and further information, read on. There is something special about the number 14. There are 14 lines in a sonnet, the most famous piano sonata is number 14 and there were even apparently 14 generations between Abraham and David. For those that don't know the Moonlight Sonata or, like me, aren't particularly religious, maybe all you need to know is that there is money to be made here…starting with 14 apartments.
Investment opportunities like this in Glen Iris only come along once in a generation. 1022sqm approx. with just under a 20m frontage to Malvern Road, close to the Osborne Avenue corner and consisting of fourteen one-bedroom apartments over two levels, this rare opportunity is worth a close look.
The current gross returns of $175,776 are tempting, and the opportunities to add value are endless (STCA). Each residence has been well-maintained and offers an easy and affordable entry for tenants who want to enjoy the best of inner-city Melbourne. All but two apartments come with convenient parking and there are communal laundry facilities. The building sits on a huge 1022sqm (approx.) which is enticing for those redevelopment dreams (STCA).
You have amazing restaurants and cafes within walking distance on Malvern Road itself, while Gardiner Station is easily accessed by foot. You're also near Gardiner Park, Gardiners Creek Trail, Harold Holt Swim Centre, Tooronga Village Shopping Centre, schools, buses, trams, and Citylink/Monash Freeway.
At the time of writing, this was the only block of apartments available for sale in Glen Iris. Not "one of the only…" but literally the only one. Hopefully it stays that way for the entirety of the campaign. They say that the investment environment in Victoria is terrible despite record rents – doesn't that sound like an enticing paradox of opportunity?