1-10/5 Byrne Avenue
Elwood, VIC 3184

Offered for the first time in 97 years, this unique property presents a rare opportunity to acquire an entire residential holding on a single title in one of Elwood's most sought-after and tightly held streets. The building comprises 10 spacious solid brick apartments, each thoughtfully designed to provide comfortable living spaces with excellent natural light.

The solidly constructed block features large one-bedroom apartments complemented by additional study or sunroom areas, offering versatile floorplans suitable for a variety of lifestyles. Each apartment includes neat kitchens and bathrooms, maintaining a classic appeal with potential for refurbishment to enhance modern living standards.

Situated in a premier bayside location, the property enjoys a quiet, leafy outlook and is just moments from the pristine Elwood Beach and the St Kilda Foreshore along Port Phillip Bay. Residents benefit from close proximity to the vibrant Ormond Road village, convenient transport options, parklands, and extensive walking and cycling tracks, making it an ideal setting for both relaxation and active lifestyles.

Currently generating an immediate rental income of approximately $207,000 per annum, this investment offers strong potential for rental growth over time. The communal facilities include a carport space with storeroom, two communal laundry spaces, and high-speed NBN connectivity available to all units, ensuring practical amenities for residents.

This property represents an excellent acquisition for investors seeking a secure, long-term asset in a proven and highly desirable location. The combination of solid construction, spacious layouts, and a premier bayside setting makes this a compelling opportunity for those looking to invest in Melbourne's property market.

Further details are available upon request.

• Carport Space / Storeroom: 1
• Communal Laundry Spaces: 2
• NBN High Speed available to all units