31 Park Street,
St Kilda West, VIC 3182
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Map of 31 Park Street
Train stations within 5 km of 31 Park Street, St Kilda West, VIC 3182 Distance Windsor Station 1.7 km Prahran Station 1.9 km Balaclava Station 2.2 km Ripponlea Station 2.7 km South Yarra Station 2.9 km POWERED BY HERE ©Tram stops within 5 km of 31 Park Street, St Kilda West, VIC 3182 Distance 141-Deakin St/Park St (St Kilda West) 225 m 141-Cowderoy St/Park St (St Kilda West) 273 m 134-Park St/Fitzroy St (St Kilda) 329 m 135-Jacka BVD/Fitzroy St 339 m 135-Jacka BVD/Fitzroy St (St Kilda) 403 m POWERED BY HERE ©Bus stops within 5 km of 31 Park Street, St Kilda West, VIC 3182 Distance 142-Mary St/Park St (St Kilda West) 35 m 44 Park St 64 m Jacoby Reserve/Park St (St Kilda West) 215 m Jacoby Reserve/Park Lane (St Kilda West) 271 m 143-Fitzroy St/Park St (St Kilda) 290 m POWERED BY HERE ©
POWERED BY HERE ©
Unique Investment/Development Opportunity
A rare opportunity in one of Melbourne’s most popular beachside suburbs, this entire Tudor style block of eight two-bedroom apartments in the heart of St Kilda West is offered for sale as one , only meters away from Beaconsfield Parade and St Kilda Beach on a huge block of land. Only 350m to Fitzroy Street, this classic 1940s block offers strong yields and capital growth as well as future development potential with scope for strata subdivision and building at the rear with direct views of the water (STCA). The apartments retain their authentic charm with high ceilings, elegant lines, and open fireplaces. Set on a level 1029 sqm of land with large outdoor grounds, the beautifully maintained full-brick block presents a unique landbank opportunity suited to the investor/home builder or SMSF buyer in a prime location between St Kilda beach and Albert Park. Retain as a solid investment or explore the potential to renovate as a family compound and add value as well as scope to develop the rear to one major residence with direct water views.
- Entire Tudor style block of 8 large apartments
- 200m walk to beautiful Catani Gardens & Beach
- Beautiful facade, original deco details
- Classic layouts, light and updated interiors
- Each with 2 bedrooms and built-ins plus balconies
- Full side drive with three garages.
- Spacious living rooms, hardwood timber floors
- Open fireplaces, updated kitchens, and bathrooms
- Sunny common grounds
- Each apartment has its own private balconies.
- High-yielding bricks and mortar land asset
- Strong rental demand and income stream
- Ideal to retain as a solid income earner
- Exciting potential to add significant value
- Scope for future strata subdivision STCA
- Potential to develop STCA
- 350m walk to Fitzroy St
- Walk down to the beach and St Kilda Pier
- 600m to Albert Park Lake Reserve
- Current rental return $226,800 PA (approx.)
- Plans available to build out the back
See 3D external link below for a full detailed outside view of this entire property.
- Entire Tudor style block of 8 large apartments
- 200m walk to beautiful Catani Gardens & Beach
- Beautiful facade, original deco details
- Classic layouts, light and updated interiors
- Each with 2 bedrooms and built-ins plus balconies
- Full side drive with three garages.
- Spacious living rooms, hardwood timber floors
- Open fireplaces, updated kitchens, and bathrooms
- Sunny common grounds
- Each apartment has its own private balconies.
- High-yielding bricks and mortar land asset
- Strong rental demand and income stream
- Ideal to retain as a solid income earner
- Exciting potential to add significant value
- Scope for future strata subdivision STCA
- Potential to develop STCA
- 350m walk to Fitzroy St
- Walk down to the beach and St Kilda Pier
- 600m to Albert Park Lake Reserve
- Current rental return $226,800 PA (approx.)
- Plans available to build out the back
See 3D external link below for a full detailed outside view of this entire property.
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Property ID: 504405688Last Updated: 28 Apr 2024
31 Park Street
St Kilda West, VIC 3182
Detailed listing
Nelson Alexander Commercial - FITZROY187 Gertrude St
FITZROY, VIC 3065
FITZROY, VIC 3065
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