295 Pigdon Street

Princes Hill VIC 3054

3 terrific investment opportunities together in one standout home!
Ultra large land (390 sq.m. approx) and a prime Princes Hill address overlooking the Pigdon Street plantation enhance the appeal of this substantial free-standing Art Deco property, at present divided into three apartments on a single title. Here is exciting opportunity for the savy investor! All apartments have high ceilings, tiled fireplaces and other Deco detail. With a small amount of works required to maximise rental potential ($350 per week), this investment ticks all the boxes potentially grossing $54,600 per year. Apartment 1, which faces north across the front of the building, has a very large bedroom, an expansive living area, sunny kitchen/meals and bathroom: Apartments 2 and 3, opening to either side of a wide central passage, each have one bedroom, living room, neat kitchen/dining and bathroom, and good natural light. To the rear, a wide courtyard opens to a laundry/storage outbuilding and a garage entered from a side right of way. With potential for a second-storey extension (STCA), the possibility is endless. Eye cathcing and rare this architectural jewel is close to primary and secondary schools, Melbourne University and transport. Agent: Hocking Stuart (CBN) Pty Ltd - Carlton Office.