2-5/1 Grandview Grove, Prahran, Vic 3181
Four Apartments In One Lot
2-5/1 GRANDVIEW GROVE, PRAHRAN
This property ticks every investment box - generating higher than average rental returns, with strong land content driving high capital growth and financing flexibility from four separate titles, body corporate control and LongView Guaranteed Rent.
The Facts >
Guaranteed Rent - $92,894 p.a
Rental Yield* - 4.30% p.a
Guaranteed Airbnb - $102,246 p.a
Airbnb Yield - 4.73% p.a
15 Year Capital Growth - 5.23% p.a
Age - 40 Years
Body Corporate - $2,981.97 p.a
Council Rates - $3,620 p.a
Presenting a rare opportunity to purchase a boutique development in the Hawksburn Village precinct, this charming block of four apartments is set behind a leafy central courtyard with a secluded north facing laneway frontage.
The block has been tastefully updated and rendered, with attractive landscaped common areas, offering an outstanding investment opportunity with longer term potential for further development in this premier location (STCA).
Each of the four apartments comprises light filled open plan living and dining spaces overlooking an enticing leafy central courtyard, with renovated kitchens featuring gas stainless steel appliances and abundant storage space. In each apartment, two generous carpeted bedrooms include built-in wardrobes and are serviced by an airy central bathroom. The two upstairs apartments boast soaring skillion ceilings, while one of the downstairs apartments includes a secluded private rear courtyard.
With each residence featuring polished timber floorboards, air conditioning and heating, and secure remote intercom access, the block also includes off street parking for four cars, with ample additional street parking available in the area.
Superbly positioned for maximum rental yield - facing a quiet residential laneway, just moments from High Street shopping, cafes and trams, and is within easy walking distance of Toorak Railway Station, Orrong Romanis Reserve, and Hawksburn Village shopping and restaurants.
* Calculated at base of price range.