406 Park Street,
South Melbourne, VIC 3205

Prominently situated on the corner of Montague Street, this distinguished, freestanding solid brick Victorian residence delivers a myriad of rewarding lifestyle and investment opportunities. Currently a separate three bedroom residence upstairs, with a café business occupying the ground level and north-facing courtyard, it is already a superb addition to any investment portfolio for the astute investor to value add and lease out upstairs. Alternatively, it offers exciting future potential to one day combine both premises into one stunning family home with off street parking via rear lane access (STCA).
A host of glorious original features including high ceilings, staircase and Baltic pine floors add rich character to the upper level residence comprising a beautiful living room with open fire and ornate window boxes and a functional kitchen with meals space. There are also three bedrooms, a bright bathroom and Euro-laundry.
Downstairs polished concrete floors flow through the café and servery area. A commercial kitchen and large store-room lead out to the sunny private paved north-facing courtyard and the cafés toilet.
In a coveted location metres from St Vincent Gardens, Albert Park Village, the market, No.1 tram and schools, this is a rare and exciting opportunity for investors and home buyers.
Land size 160sqm approx.

Ideal opportunity for the investor / owner occupier - long established café, prime corner. Securely leased for 3 years from February 2021 at a rent of $50k pa. plus the gst and outgoings. Value add to occupy or invest on level one.

Conjunctional Agent -
Kaine Lanyon 0411 875 4...
Marshall White & Co. Pty Ltd