Sold
Whole Block of Recently Refurbished Flats + Value Add Permit for 4 Additional Flats
21 Gladstone Street, Kew VIC
Sold
Stonebridge Property Group is pleased to present for sale 21 Gladstone Street, Kew.
- Whole block of 8 renovated 2-bedroom flats that present a stable income stream in a blue-chip suburb of Kew
- 5 of the 8 flats have been recently renovated to an excellent standard
- Includes a massive development upside with an approved permit for an additional 4 flats to be constructed to compliment the existing building
- Dual street frontages allowing for flexibility of access to the property for future development and existing tenants
- Excellent transport linkages, High Street tramline and bus stops, close proximity to both the Eastern and Monash Freeways providing direct access to the Melbourne CBD
- A location that suits families, young professionals, down-sizers and retirees, being only a short walk to a vast array of lifestyle amenities: High Street Kew retail precinct (950 m*), Coles Kew (350 m*), Sacred Heart Primary Kew (950 m*) and Victoria Park (400 m*)
- Exceptional Kew median house price of $2,700,000^, more than double the Melbourne median house price
- Fully leased income of $217,776* per annum
*Approximate
^Corelogic
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
