50 St Elmo Road

Ivanhoe VIC 3079

An unparalleled opportunity of 9 well-maintained apartments on one title, sited on 1226m2 (approx) of prime land in one of Ivanhoe's most conveniently central locations underlines this once in a lifetime opportunity. A low-rise boutique complex with all A low-rise boutique complex with all apartments being RTA compliant, this entirely rare and unique opportunity on a quiet street will spark the imagination with endless possibilities to explore. Currently returning $130,000 per annum (approx), this largely-original 1960s block includes two x one bedroom, six x two bedroom and one x three bedroom apartments all with parking. The potential here in a tightly-held pocket is extraordinary with options to fully renovate and add value, subdivide, build a single or multiple residences (STCA) or simply relax and watch the investment grow and deliver excellent returns. An all-in-one, blue ribbon bonanza in a GRZ2 zone, this expansive site at an exceptional address will absolutely impress with quick and easy access to Ivanhoe's nearby cafes, restaurants, shops, supermarkets, train station, primary and private schools, as well as parklands, aquatic centre, the Burgundy Street precinct and the Austin and Mercy Hospitals. An unsurpassed opening for developers, investors, property speculators, SMSF security, self-funded retirees and more right in the heart of Ivanhoe.
Miles Real Estate.