UNDER OFFER Historic Hero
Historically significant, The Hero building on the corner of Little Collins and Russell Streets offers the ideal location from which to access the best of Melbourne's vibrant cafe and fashion culture. Originally built in 1945 the foyer retains the charm of a bygone era with its sweeping staircase and period details. Re-imagined from its role as the Russell Street Telephone exchange and Post Office, it was converted into residential apartments by renowned architect Nonda Katsalidis in 1999.
Securely leased to the 140 Little Collins Street Hotel with another 16 years left to run on the lease, this property will return an excellent yield and be available to owner occupy at the expiry. This would suit parents of primary aged children for university accommodation, people planning to empty nest to the city or savvy investors wanting a secure gross income of $31,618.49 pa with no vacancy issues.
Apartment 1003 enjoys the best of the old period charm and the convenience of the modern addition. Boasting an expansive floor plan of 87m2, this immaculate apartment comprises a spacious open plan living and dining zone with floor to ceiling glazing leading onto the full