18 St Helens Road, Hawthorn East VIC 3123
City View, Sought-after location, Comes with Plans (STCA)
This huge block comes with four apartments on one title in the coveted Anderson Park precinct. It is not only a great opportunity for the investor but also for the developer or land banker. Sitting high and wide with upper-level city views, these character-rich two bedroom apartments plus 4 rear garages are already a commercial success. It is currently tenanted for approx $100,000 in rental return per annum!
The property is in comfortable condition with older-style proportions, solid timber features, and large living/dining areas, three of them with updated kitchen and bathroom/laundry. Simply enjoy today’s robust returns or plan for further strata rewards. Alternatively, begin anew on this supersite and construct a magnificent new home or bring to life side-by-side townhomes by capitalizing on the wide frontage (STCA).
Endless options in a prized position close to popular Auburn South Primary School and Bialik College, handy to Gardiners Creek Trail, Riversdale Rd tram and train plus Camberwell and Stockland shopping.