141 Hotham Street, St Kilda East

For Sale
For Sale
Indicative selling price

$4,250,000 - $4,675,000

Property Type

Block Of Units

  • 16
  • 8
  • 5
For Sale
Indicative selling price

$4,250,000 - $4,675,000

Property Type

Block Of Units

  • 16
  • 8
  • 5
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OFF - MARKET OPPORTUNITY

High Yield with scope for further improvement

"Windsor Court" provides a unique opportunity to acquire a residential investment with a fantistic rental return and strong future prospects for development.

The improvements on the land comprise a 2-storey block of 8x2 bedroom residential apartments all on one title. All of the units have been renovated in recent years to make sure they are ready to rent with 6 out of the 8 currently leased.

The title shows an excellent frontage to Hotham Street of 14m (approx.) by a depth of 41M (approx.) Total area 590m2 (approx.).

The apartments are of a generous size each 60m2 internally (approx).

Off street parking is available at the rear of the building off Gourlay Street.

for the 2023-24 year the rental return was $255,099.

If you have any further interest or would like to inspect the building let me know and I can arrange an inspection for you.

Recent Sales in St Kilda East

Address
4 Shirley Grove
Beds

4

Price

$1,275,000

Property Type

House

Sale Type

Auction

Beds

2

Price

Contact agent for details

Property Type

Apartment

Sale Type

Auction

Beds

1

Price

$295,000

Property Type

Apartment

Sale Type

Private Sale

Beds

2

Price

$485,000

Property Type

Flat

Sale Type

Auction

Beds

2

Price

$450,000

Property Type

Apartment

Sale Type

Private Sale

Address
Beds
Price
Property Type
Sale Type
4
$1,275,000
House
Auction
2
Contact agent for details
Apartment
Auction
1
$295,000
Apartment
Private Sale
2
$485,000
Flat
Auction
2
$450,000
Apartment
Private Sale
St Kilda East alma park
Suburb Profile

St Kilda East

Just moments away from the famous St Kilda foreshore and 6km from the CBD, St Kilda East combines a beachside atmosphere with a thriving urban vibe. The neighbourhood is known for its lively shopping precincts, including Carlisle Street, which offers a range of boutique stores, cafés, bars and restaurants. St Kilda East's beautiful parks, such as Alma Park, provide green spaces for leisurely walks, picnics, and outdoor activities.

With its close proximity to the iconic St Kilda Beach and its vibrant attractions and entertainment scene, like Luna Park, the Palais Theatre and Acland Street’s famous cake shops, locals enjoy a plethora of lifestyle options. Excellent transport links, including nearby trams and Balaclava train station, seamlessly connect residents to Melbourne's CBD and surrounding areas.

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