JLL Melbourne Commercial Sales are pleased to have the exclusive privilege of offering for sale this whole block of oversized bayside apartments at 257 Barkly Street, St Kilda.
Key details of the opportunity include:
- A whole block of eight oversized one-bedroom apartments with opportunity for passive holding, refurbishment or redevelopment.
- Fully leased returning $ 112,572pa per annum of income with St Kilda being one of Melbourne’s most in-demand rental markets.
- Prominent bayside landholding with dual street frontages to Barkly Street and Pumpkin Lane.
- Significant redevelopment potential that is suitable for numerous residential options (STCA).
- Firmly entrenched within one of Melbourne’s most distinctive lifestyle locations in St Kilda, a vibrant precinct underpinned by renowned St Kilda beach, Acland & Carlisle Street retail precincts and numerous eateries that line the foreshore.
- Unparalleled access to the Melbourne CBD and surrounding suburbs with bus services running along Barkly Street and numerous tram services along nearby Carlisle Street and Brighton Road.
- Well serviced by lifestyle and recreational amenities including the Peanut Farm Reserve, the St Kilda Skate Park and the Marina Reserve within immediate proximity.
- In-demand Melbourne bayside suburb with median house price above $1,900,000 (REIV), 1.9 times higher than the metropolitan Melbourne average.
257 Barkly Street is For Sale Public Auction on Thursday 21 October 2021 at 12:30pm (AEDT).
We will be conducting open for inspections at the property once we receive further guidelines from the State Government.
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Tim Carr | 0415 767 915
Mark Stafford | 0440 401 053
Josh Rutman | 0411 27 37 46
Mingxuan Li 李名 轩 | 0498 688 998
• Whole block of 8 large apartments
• Strategic redevelopment opportunity
• Renowned bayside location
Remember to mention you found this property on DevelopmentReady.com.au
Thursday 21 October, 12:30pm
460 m² (*approx)
Residential, Apartment Sites, Apartment Sites
Residential Development Opportunity (STCA)
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