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.