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Commercial, Residential
389 Barkly Street, ELWOOD, VIC 3184

Property details

  • Property ID:
    24419
  • EOI:
    EOI Closed - Offers Under Review
  • Area:
    888 m2 (*approx)
  • Type:

    Commercial:

    Residential: Townhouse Sites

  • Development Approved:
    Two luxury townhouses
Agency information
Nick Peden
Jesse Radisich
Mark Stafford

Overview

Blue Ribbon Elwood Block of Flats + Vacant Land Primed for Development

Savills is delighted to offer for sale this prized Elwood block of flats set on an extraordinary block of land in the heart of Elwood, only moments from the beach. The property is further enhanced by a permit in place for two luxury townhouses fronting Lytton Street.

The key attributes of this premium property include:

• Spectacular 888sq m* landholding

• Dual frontages to Barkly & Lytton Streets

• Improved by high quality block of 4 x 3-bedroom art deco flats

• Fully leased income of $126,292 per annum*

• Huge rental upside potential

• Rear portion of the site (circa 500sq m*) vacant with new permit for two luxury townhouses fronting Lytton Street

• An incredible location with Melbourne’s best lifestyle amenity at your doorstep - metres from Point Ormond, Elwood Park & Elwood Beach

• Walking distance to Elwood Primary School & Elwood College

• Close to vibrant Ormond Road Retail Village and bustling Acland Street Retail Strip

• A rare and unique blue-chip property with investment security and unprecedented upside in one of Melbourne’s most exclusive locations

*Approx.

For Immediate Private Sale

For further information please contact:

Nick Peden - 0402 011 266

Jesse Radisich - 0402 085 702

Mark Stafford - 0404 401 053

Remember to mention you found this property on DevelopmentReady.com.au

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