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4 & 6 Burnett Street, St Kilda VIC, 3182
Development Approved
DETAILS
Permit Approved to Recreate a St Kilda Masterpiece
  • Excellent value-add opportunity
  • Existing income with significant upside
  • Permit approved & shovel ready

Colliers is pleased to present 4 & 6 Burnett Street, St Kilda, a fantastic value-add opportunity in the heart of St Kilda for sale by Expressions of Interest closing Friday 19 November at 2pm.

The property offers an opportunity to recreate a masterpiece within an existing mansion coupled with an existing 3 level apartment building of 12 one-bedroom apartments.

Situated in the sought-after suburb of St Kilda, this unique offering comprising up to eighteen (18) apartments upon completion allows savvy investors to acquire, complete and take advantage of a rental market on the verge of forecast significant growth.

Key features are below:

-          Excellent residential value-add opportunity

-          Prime location within St Kilda

-          Walking distance to local amenity with Albert Park Lake, St Kilda Beach, St Kilda Botanical Gardens and Acland Street shopping and entertainment precincts.

-          A proven and sought-after rental market. 

-          Potential total of 18 apartments across two buildings on a substantial site area of 1,083 sqm.

-          Permit approved to undertake a major renovation and restoration of the mansion building into 6 high-end apartments that will be rich in character.

-          Value add opportunity to renovate and reposition the apartments to capitalise on a strong tenant demand within close proximity or to sell down individually

For further information, please contact the exclusive selling agents at Colliers.

Jozef Dickinson
0402 678 888

Hamish Burgess
0421 641 497

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

DEVELOPMENT SITE SUMMARY
Expressions of Interest:
Expressions of Interest:
Closing Friday 19 November at 2pm
Property Area
AREA:
1083 m² (*approx)
Property Type
TYPE:
Residential,
Development Approved
DEVELOPMENT APPROVAL:
6 High-End Apartments

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4 & 6 Burnett Street, St Kilda VIC, 3182

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