44 Gatehouse Street

This terrific block of 15 one bedroom apartments, occupies a brilliant block of some 737sqm approx. of land.

Offering enormous potential to renovate and improve the yearly return, re-develop and reap the rewards or simply hold long term as a fantastic land holding.

Land: 737sqm approx.
Improvements: 15 Strata Titled one bedroom apartments.
Car parking: 7 car parks.
Condition: 5 apartments renovated.
Current Rental (Covid Rent): $232,080 p/a with 1 apartment vacant.
Anticipated non-Covid rental: $279,120 p/a.

Fantastically positioned, situated with the Royal Children’s, Royal Melbourne and Peter MacCallum Hospitals at your door step and Royal Park across the road.