1-3 Coote Street,
South Melbourne, VIC 3205

With a stunning 3-bedroom residence upstairs and an income-producing office/showroom downstairs this property offers many choices. Enjoy the ongoing income or utilise the downstairs space as your own office or consulting rooms while you live upstairs. Or turn the whole building into a grand home with the ground floor as a teenager’s retreat or rumpus room and two extra bedrooms.

The light-filled first floor residence offers split-level open plan living with polished timber floors, contemporary Miele kitchen and entertainer’s sundeck. In addition to the office space, the ground floor includes two utility rooms and a lock-up garage with accommodation for three cars. The office has its own kitchenette and amenities and each floor has separate entry.

The opportunity
> 3-bedroom first floor residence of 128sqm*
> Garage plus 2 ground floor utility rooms of 107sqm*
> Ground floor office/showroom of 81sqm*
> Office leased until Feb. ’24 with one year option
> Returning $35,000 + GST pa
> Land area 212sqm*

This is an outstanding location in the heart of South Melbourne, just a two-minute walk from the light rail station. South Melbourne Market is a five-minute stroll, O’Connell’s Hotel is just around the corner and the Melbourne CBD is a hop, step and jump away. Inspect now to appreciate the versatility of this exceptional property.

*Approx.

Auction 25 November at 1 pm, if not sold prior.