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25 Andover Street Carlton, Australia 2218

An exceptional and rare opportunity to acquire an entire boutique block of four strata apartments with no common walls and positioned within one of Carlton's most sought-after locations. Boasting 2 street frontages, this opportunity also presents an upside to its current zoning, allowing for the possibility (STCA) of increased height density. Whether you're a seasoned investor or looking for a secure, high-yielding asset, this fully leased, double-brick block presents an unparalleled chance to secure a turnkey investment with immediate rental income and significant future growth potential. Key Investment Highlights: Current Rental Income | $155,000 approximately per annum. Immediate, stable cash flow. Total Approximate outgoings | $18,000 per annum. All Apartments Boast: Either a single or double (side-by-side) lock-up garage. Stylishly renovated with spacious, free-flowing floor plans. Separate lounge and dining rooms. Extra-large bedrooms, all with built-in robes. Spacious terrace areas. Oversized deluxe kitchens. Split system air conditioning. Large common sun-filled garden. All apartments have an additional and separate 2nd toilet. No common walls. Georges River Council: Zoning | R4 High Density. Height Allowance | 15 Metres. FSR | 1.5:1. Land Size | 605sqm (approx.) with dual street access via Andover and Balfour Streets. This much-loved, solid, immaculate, well-maintained double-brick and concrete construction is built to last with minimal upkeep. All units fully tenanted – receive income from day one!

Amenities

  • Bedrooms: 8
  • Full Bathrooms: 4
  • Partial Bathrooms: 0
  • Property Type: residential
  • Home size: 0 ft2 / 0 m2
  • MLS: 222P608375
  • Status: Active

Property brokered by

Belle Property Australia

+612 8116 9444

Presented by Mark Somboli

  • 02 9588 3455
  • 02 9588 3455 (Office Phone)

Contact Mark Somboli

Contact Agent

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