21 Princess Street, Fawkner VIC 3060
Two for the Price of One!
Arrested Development! On one title (separately metered) occupying a substantial allotment that was once the Fawkner Police Station, this unique mid-century building has more recently been functioning as two separate dwellings and now offers the potential for those looking to further enhance and develop in the future (STCA). Highlighting its immediate dual income stream potential, the property currently comprises a 3BR townhouse with bathroom and second WC, spacious lounge and separate kitchen/meals area, plus a separate 2BR unit with neat bathroom, central lounge/meals and functional kitchen. Add to this the original cell block out back, garage via side driveway and expansive backyard with double gates to the rear ROW highlighting the property's dream dimensions (approx. 655sqm) and untapped future potential. Conveniently positioned on the edge of Coburg North, it's close to a choice of bus routes and the open spaces of Parker Reserve, popular schools including St Mark's Catholic Primary School and Mercy College, as well as easy access to Merlyn Street cafes and Merlynston Station.
Previously rental return: Unit 1. $1,477 and Unit 2. $1,738 per calendar month.
Vendor has conceptual plans for a double storey townhouse at the rear of the block.
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