1 Elphin Grove

Hawthorn VIC 3122

Add some muscle to your investment portfolio with this perfectly toned 'six-pack'. Comprising of six separately titled oversized two-bedroom, one-bathroom apartments, the securely accessed boutique complex is to be sold as one. Set on approximately 1,131m2 of prime land. Demonstrating the superb, solidly constructed quality and enormous generosity from back in the day when they sure knew how to build, each apartment features a house-sized living and dining room opening onto a balcony, an updated fully equipped kitchen with meals area, central bathroom, powder room, separate laundry, covered car space and storeroom. All the apartments share a secluded communal courtyard at the rear, which also has a barbeque and alfresco eating area. With six leases in place producing $133,488 in returns per annum, the additional upside potential is excellent. This is an investors dream to secure not one but six outstanding apartments in a serene yet highly convenient location that sweetens the deal even further. Potential rental return $160,000+ per annum. Train stations, trams, Swinburne University, Central Gardens and the buzzing hives of retail and dining-out activity in Glenferrie and Auburn Roads are within close proximity.