96 Grey Street
St Kilda, VIC 3182

This exceptional investment opportunity presents a substantial property located in the highly sought-after suburb of St Kilda, Victoria. Spanning approximately 854 square meters, this prime allotment is currently home to four individually titled residences, each functioning 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.

The property comprises four distinct homes, each with its own characteristics and rental appeal:

• House 1 features four self-contained one-bedroom or studio apartments, ideal for singles or couples seeking convenient, low-maintenance living spaces.
• House 2 is a spacious seven-bedroom dwelling, offering ample accommodation suitable for larger families or group living arrangements.
• House 3 operates as a registered boarding house with eight rooms, providing a steady income stream through multiple tenants.
• House 4 includes a four-bedroom house complemented by an adjacent studio, catering to diverse tenant needs and maximizing rental potential.

Beyond its immediate profitability, this 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 location’s growth prospects.

Strategically positioned just moments from key local amenities such as Barkly, Acland, and Fitzroy Streets, residents and tenants benefit from proximity to vibrant shopping, dining, and entertainment precincts. Additionally, the property is conveniently close to Albert Park, St Kilda Beach, and essential public transport links, enhancing its desirability and accessibility.

This offering is ideal for investors looking to secure a high-performing asset in one of Melbourne’s most iconic lifestyle locations. Whether the strategy is to invest, develop, or hold, opportunities of this calibre are rare and highly sought after.

Disclaimer: All information provided, including floorplans, room dimensions, and land size, is indicative only and intended for general guidance. Accuracy and completeness of any plans, illustrations, or representations shown in marketing materials are not guaranteed. Prospective buyers are advised to conduct their own research, seek independent advice, and verify all details independently before making any property-related decisions. No responsibility is accepted for any discrepancies or misstatements.