5 Southey Street, Elwood, VIC 3184

1/5 Southey Street, Elwood

2/5 Southey Street, Elwood

3/5 Southey Street, Elwood

4/38a Mitford Street, Elwood

5/38a Mitford Street, Elwood

Secure this Art Deco solid-brick apartment group for generations to come ... or structure the lifestyle investment of a lifetime. Representing an unparalleled opportunity to acquire a significant holding of 5 Art Deco apartments, Esmia c.1935 encompasses two individual blocks, two street-frontages, and a single title with approx 432sqm land – directly neighbouring the iconic Poet’s Corner group.

Fully renovated, fully leased (currently returning $15,822 pcm) and filled with options, this remarkable offering comprises 4 two bedroom apartments plus a single four bedroom ground-floor home with garage. Providing diverse accommodation with individual floorplans and balcony access (for all but one), each apartment showcases the same high-quality finish. Starring a sleek new prestige appliance kitchen (with dishwasher) and a fresh white designer bathroom, every apartment features reverse-cycle air-conditioning, good window-furnishings and rich Art Deco detail.

Secure a multi-generational asset, appreciate the stability of multiple incomes streams, and consider the future blue-sky potential of this multi-dwelling opportunity. Alternatively, see the multiple options to subdivide (Subject to Council Approval) and structure your own preferred investment - as 5 individual apartments, 2 individual blocks, or, perhaps, by retaining one or more apartments for owner-occupation.

Whatever the plan, these two highly-sought Elwood addresses will reward with one of the greatest lifestyle locations ...and grand Art Deco street-presence on each streetfront. Around the corner from St Kilda Botanical Gardens and 500m to the Barkly St/Blessington St hospitality precinct, this once-in-a-lifetime opportunity has the location of a lifetime too – half a dozen blocks to sandy St Kilda beach, a stroll to The Esplanade, and easy walking distance to the Brighton Rd tram and Balaclava station. For further information on this unparalleled apartment block opportunity, contact Simon Wood at Buxton Bentleigh on 0422 789 110 or the Buxton Office on 9563 9933. ALL ENQUIRIES MUST INCLUDE A CONTACT NUMBER.

Remember to mention you found this property on DevelopmentReady