House for sale

1-4/59 Brighton Road,

Elwood, VIC

13 4 2
$2,950,000

Opportunity knocks

This older style block of four apartments (on separate titles) offers an exceptionally rare opportunity to secure a foothold in the premium bayside suburb of Elwood, situated on a significant corner allotment of 617 sqm approx. The four large apartments all enjoy generously sized, light filled spaces with three of the apartments currently generating significant rental income. Currently a modified layout, the original floorplan offered three large two bedroom and one large three bedroom apartment on the ground floor. Scope to convert the backyard to provide off street parking for the block. Elwood is home to Melbourne's best bay beach and an envious boutique cafe and dining culture, with the key attributes of retail shopping, Melbourne elite schools, public transport, beaches, parks and gardens. The prime location provides for a compelling investment opportunity or refurbishment and value add opportunity.
Last updated: 02:08PM on Aug 13th 2018
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