339 Ferrars Street, South Melbourne SOLD
 
Price: Contact Agent
This property has been sold

ULTIMATE ADD VALUE AND OCCUPY OPPORTUNITY WITH 23+ METRES FRONTAGE

The most exciting Mixed Use site in the Albert Park vicinity with possibly the best garage in the area housing 6-7 cars. A rare opportunity to obtain high income streams from 5 current tenancies (including Optus) and occupy part or increase income immediately whilst planning for refurbishment or redevelopment STA. Great residential potential (sta). Multiple bathrooms and kitchenette facilities with a full kitchen and 2 renovated bathrooms in the top floor apartment/office for private use. Overlooking St Vincent Place gardens, a stroll to Albert Park Lake, shops, parkland and MSAC with the light rail to the city adjacent. Current income $111,000 pa approx, with immediate potential for $160,000 pa or more (est) as is. Note - garage and top floor predominantly vacant possession. Land 237 sqm Building 510 sqm (approx).


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James Keep
James Keep

M 0418 569 594
P 03 9646 0812
E jamesk@cayzer.com.au
Type
Sold
Price
Contact Agent
Land Area
237 sqm
Building Area
510 sqm
Inspection Times
No inspection times scheduled
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