Oh, that's Dollman Street! The property search can be tough; sometimes you find the right property at the wrong time, and then when the time is right there is nothing around. But then there are moments when the right opportunity presents itself at the perfect time...The market conditions are right, the money is there and you can see something that no one else can see: an opportunity. One of the tricks to being successful is being able to notice what no one else can. Maybe it is an underrated location, close to Royal and Princes Park; a true link between the best of the inner north and only a few km's into the city. It's worth more than just driving past, so drop the car in the aptly named Park Street and have a wander around. You can see for yourself just how valuable the North and West facing boundaries are, offering the opportunity to catch all that natural light. You can see just how close those parks are, and even wander down to one of the more underrated cafes in Melbourne: Capulus & Co. As you are sipping that perfect latte, you can discuss what your plans might be. Do you renovate or reconfigure the existing five apartments and get a great return while you decide on whether to live here? With potential income of in excess of $80,000 p.a. approx. plus huge upside with refurbishment and an improved rental market - what an opportunity. Do you retain the heritage facade and use the existing architectural plans, meticulously designed by Dean Dyson Architects & endorsed by council, for an incredible residence with an indoor pool? The good news is that, regardless of whether you prefer a hot bath or a cold plunge, the options are endless for anyone that knows what they are doing in property. With two street frontages and rear access via the lane on the northern boundary, the scope to add value at 777 Park Street is exceptional. What shouldn't be overlooked as you wander past, is the value of the leadlight windows, high ceilings, Italianate facade and the charm of these period features. The arches, bay window and polished floors all seem like such small things; but it is the little things that make a big difference. So arrange a time to take further look at this one, request the plans and the docs and make sure you put aside time to go for you a walk around the Dollman Street corner...it could be the best decision you ever made.
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