42 Park Drive, Parkville VIC 3052

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Classic Parkville Investment $80,000 per annum

'Weston Court': this well-known 1930s apartment block in a commanding corner position is a unique Parkville example of Spanish Mission architecture. With possible redevelopment options (STCA), here is a once-in-a generation opportunity to renovate 4 spacious residences. The whole apartment block containing 4 apartments with a total of 8 bedrooms, 4 living rooms, 4 bathrooms and 3 carspaces (with the potential for 4 carspaces), is an exclusive locale bordering Royal Park, the hospital precinct, Melbourne University and University High and 500 metres from the proposed Parkville Station. Each individual apartment comprises 2 bedrooms, a large living/dining room, neat functional kitchen and bathroom and features high ceilings and classic period detail. The splendid site (380 sqm approx..) with shared laundry includes off-street parking. Currently rental return in excess of $80,000 pa with full 12 month leases signed up. Nelson Alexander Pty. Ltd. Conjunctional Agent: Damien Shiel 0419 394 999.

Vendor Review

Highly talented team    

I was totally satisfied with the way Nelson Alexander advised me and supported me through the sale of my property. A highly experienced and professional team. I would strongly recommend them to anyone.

Review by Antonio Lucarelli

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Property Sold

Sold 10/12/2016 $3,210,000


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