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1-9/62 Pakington Street, Kew VIC 3101

  • 9
  • 623 sqm / approx

Strata Titled Boutique Complex of 9 Apartments Offered As One

A rare opportunity to secure 9 apartments as one boutique complex with the benefit of immediately flexible options granted by existing strata titles. On a generous allotment of approximately 890 square metres and ideally suited to developers, investors or a Superannuation Fund with a long-term view to investment in a prized location. Moments from the renowned, vibrant Kew Junction retail precinct, there are a combination of five, two-bedroom and four, one-bedroom apartments with wide street frontage and ROW access. Well maintained, with a solid rental history and the current benefit of flexible and varied lease arrangements currently returning approximately $126,724 per annum. Future possibilities include further refurbishment, individual resale or future redevelopment of the site (STCA).

Over two levels the existing development enjoys a combination of ground and first floor apartments offering a low maintenance block with easy living, bright spaces and an enviable lifestyle. At the heart of each neat and tidy apartment is a spacious and well-proportioned sunny lounge/dining area and kitchen. Four of the first floor, two-bedroom apartments also feature balconies. There is a total of nine undercover, designated car spaces with a combination of vehicle access from Pakington Street and the rear ROW. Offering tremendous potential in the future and instant returns this is an exciting and rare offering in a highly regarded location.

This boutique block sits in the heart of Melbourne’s highly regarded private school belt, within easy walking distance to Kew Junction shops, restaurants, grocers and surrounded by parklands and walking trails. Within close proximity of High Street trams, as well as the Eastern Freeway which effortlessly connects residents to the heart of the CBD.

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  • 9
  • Floor Area

  • 623 sqm / approx

Price Guide

Private Sale $4,500,000