1,2,3 & 4/96 Grey Street
St Kilda, VIC 3182

Overview

1,2,3 & 4/96 Grey Street, St Kilda

This exceptional investment opportunity presents a substantial property located in the highly sought-after suburb of St Kilda. The property occupies a prime allotment of approximately 854 square meters and comprises four individually titled homes, each currently operating as fully furnished, high-yield rental accommodations. This unique setup offers an impressive gross rental return of approximately 10%, making it an unparalleled asset for investors seeking strong cash flow and long-term growth potential.

The property consists of four distinct houses with diverse configurations to cater to various tenant needs and maximize rental income. The first house includes four self-contained one-bedroom or studio apartments, ideal for singles or couples seeking convenient and comfortable living spaces. The second house is a spacious seven-bedroom dwelling, suitable for larger families or shared accommodation arrangements.

The third house is a registered boarding house featuring eight rooms, providing flexible rental options and catering to a broad tenant demographic. The fourth house offers a four-bedroom residence complemented by an adjacent studio, combining family living with additional rental income potential.

Strategically positioned just moments from key local amenities such as Barkly, Acland, and Fitzroy Streets, as well as Albert Park and St Kilda Beach, the property benefits from excellent access to public transport and vibrant lifestyle attractions. This location enhances the desirability of the rental accommodations and supports sustained demand from tenants.

Beyond its immediate profitability, the property holds significant future potential. Investors may consider modern updates to enhance appeal, redevelopment opportunities subject to council approval, or a long-term land-banking strategy to capitalize on the prime location. This flexibility allows for tailored investment approaches aligned with individual goals.

Overall, this offering represents a rare chance to acquire a high-performing asset in one of Melbourne's most iconic beachside suburbs. Whether you choose to invest, develop, or hold, this property stands out as a valuable addition to any portfolio.

Disclaimer: All information provided, including floorplans, room dimensions, and land size, is indicative only and intended for general guidance. Prospective buyers are advised to conduct their own research, seek independent advice, and verify all details prior to making any property-related decisions. The accuracy or completeness of any plans, illustrations, or representations shown in marketing materials is not guaranteed.

Location