Rārangi Hou
Opportunities like this don't come around often. Consisting of six well-maintained two-bedroom apartments across three levels, this unique prospect is packed with potential. Whether you're an investor seeking immediate returns or a visionary ready to explore future redevelopment (STCA), this property deserves your attention.
The current gross returns of $127,894 (approx.) are enticing, and the possibilities to add value are endless (STCA). The units overall are neat, spacious, and perfectly positioned for renters wanting affordable access to Melbourne's vibrant lifestyle. Sitting on an impressive 391 sqm (approx.), this site is a dream for developers with big-picture plans (STCA).
Location doesn't get better than this. Walk to the iconic Chapel Street precinct for world-class shopping and dining, hop on nearby trains and trams for an easy city commute, and enjoy proximity to elite schools like St Michael's and Wesley College. With Albert Park Lake, St Kilda Beach, the St Kilda Road business hub, and the CBD all within reach, this property offers tenants and future buyers the ultimate Melbourne lifestyle.
Seize the opportunity-inspect today and unlock the full potential of this rare find!
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.24 km | 3 | 2 | -m2 | 2025 01 29 | - | Council approved | |
 | 0.16 km | 2 | 1 | -m2 | 2024 12 28 | $530,000 | Council approved | |
 | 0.15 km | 2 | 1 | 80m2 | 2024 11 14 | - | Council approved | |
 | 0.17 km | 2 | 2 | -m2 | 2024 09 15 | $630,000 | Council approved | |
 | 0.23 km | 2 | 1 | -m2 | 2024 09 06 | - | Council approved |