1-9, 184 Westgarth Street,
Northcote, VIC 3070
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Map of 1-9, 184 Westgarth Street
Under Contract
- Current rental of $144,168 p.a approx.
- Fully leased with further upside
- Future development potential (STCA)
City fringe block of apartments- fully leased
Located in the thriving city fringe suburb of Northcote, this fully leased block of apartments is the perfect investment with potential to reposition or develop a premium residential complex (STCA).
- Apartment block comprising 9 apartments with on-site car parking
- Fully leased investment in a high demand area
- Currently returning $144,168 p.a approx.
- Potential to sub-divide and sell down or further refurbish to unlock enhanced value
- Total land area of 930 sqm approx.
- Inherent land value with enormous potential to develop a premium residential complex on expiry of leases (STCA)
- Meters to Merri Creek Reserve and park surrounds, ideal for the avid walker, runner, or cyclist
- Dennis train station is located within minutes of the property providing perfect connectivity to the CBD
- Surrounded by an abundance of bustling cafes and restaurants
- Northcote is one of Melbourne's trendiest suburbs and has experienced phenomenal house price growth, with a median house price now over $1,350,000 (source REIV)
For further information or to discuss the opportunity in detail, please contact Knight Frank directly.
Located in the thriving city fringe suburb of Northcote, this fully leased block of apartments is the perfect investment with potential to reposition or develop a premium residential complex (STCA).
- Apartment block comprising 9 apartments with on-site car parking
- Fully leased investment in a high demand area
- Currently returning $144,168 p.a approx.
- Potential to sub-divide and sell down or further refurbish to unlock enhanced value
- Total land area of 930 sqm approx.
- Inherent land value with enormous potential to develop a premium residential complex on expiry of leases (STCA)
- Meters to Merri Creek Reserve and park surrounds, ideal for the avid walker, runner, or cyclist
- Dennis train station is located within minutes of the property providing perfect connectivity to the CBD
- Surrounded by an abundance of bustling cafes and restaurants
- Northcote is one of Melbourne's trendiest suburbs and has experienced phenomenal house price growth, with a median house price now over $1,350,000 (source REIV)
For further information or to discuss the opportunity in detail, please contact Knight Frank directly.
Property ID: 502669666Last Updated: 30 Jun 2021
+61 3 9602 57...
1-9, 184 Westgarth Street
Northcote, VIC 3070
Knight Frank - Melbourne29/120 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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