230 Elgin Street, Carlton, VIC 3053


For Sale EOI closing 28 June 5pm

Expressions Of Interest

  • Property ID: 439527
  • Floor Area: 482m²
  • Land Area: 254m²
  • Occupancy: Vacant
Block of Apartments

Welcome to 230 Elgin Street.

Your gateway to unlock a world of possibilities with this extraordinary investment opportunity whether you're an investor, value-add buyer, or accommodation provider.

This free-standing complex boasts 13 quality studio apartments, strategically located on Melbourne's City Fringe in the heart of Carlton, making it one of the most sought after student accommodation hot spots to hit the market in recent years.

Key Highlights:

Unmatched Location:
Capitalise on the unrivalled position, merely 200m from The University of Melbourne, RMIT, The Royal Melbourne Hospital and the iconic Victoria Market. Surrounded by parks and recreation facilities and just a stone's throw from bustling Lygon Street renown for its world class retail facilities and eclectic eateries.

Strategic Investment:
The property boasts a substantial freehold landholding with side & rear lane frontage, providing a unique advantage.

Seamless Connectivity:
Providing excellent public transport via a major tram stop at your doorstep, offering direct access to Melbourne CBD through tram routes 1 & 6 and the bus network via Lygon Street.

Lucrative Potential:
The fully leased complex currently generates an annual income of $243,360, with current increases being implemented presenting a potential income of approximately $265,200 per annum.

Don't miss the opportunity to be a part of this outstanding inner-city property with boundless potential; this is your chance to make a mark in Melbourne's vibrant real estate landscape.

EOI closing 28 June 5pm

Carlton Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $231 ---
Offices --- $383 ---
Retail --- $346 ---
This is the average advertised price, rent and yield for Carlton, VIC 3053*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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