Rare Ripponlea Entire-Block Opportunity
1-7/181 Hotham Street, Ripponlea
This block of apartments, all on one title, presents a rare opportunity for the enterprising buyer seeking to retain as is for immediate returns, renovate then subdivide, or capitalise on the prized position and redevelop into a luxurious contemporary complex (S.T.C.A).
- All on one title, seven spacious 2-bedroom apartments
- Regular shaped parcel of land measuring 565sqm (approx.)
- Off street parking area to the rear of the property
- R.O.W laneway access enhances future development plans
- Current gross rental return of $113,484 per annum (approx.)
- In a popular location for renters and home owners alike
- Close to a range of elite primary and secondary schools
- Around the corner from Ripponlea Train Station
- Moments to the gorgeous Rippon Lea House and Gardens
- Steps to the cafes and gourmet cuisine of Ripponlea Village
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