9 Oak Grove
Ripponlea, VIC 3185

This exceptional offering presents a rare opportunity to acquire a whole block of 12 apartments located at 9 Oak Grove, Ripponlea, just steps from the vibrant Ripponlea retail village and a mere 150 meters from the train station. This prime location places residents at the heart of one of Melbourne's most sought-after and tightly held inner suburbs, known for its lifestyle appeal and strong community atmosphere.

The property comprises nine two-bedroom apartments and three one-bedroom apartments, all providing quality accommodation. The block benefits from solid construction and low maintenance, making it an ideal investment for those seeking a strong holding income with significant potential for rental growth. The apartments are well-positioned to attract ongoing strong tenant demand due to their proximity to key amenities and excellent transport links.

Investors have the flexibility to hold the entire block as a single asset to capitalize on the sustained upward pressure on inner-city rents or to pursue a strata sell-down (subject to council approval), allowing for individual apartment sales. This versatility enhances the property's appeal as a blue-chip investment with both immediate value-add potential and compelling long-term wealth creation prospects.

The landholding is generous, approximately 691 square meters, situated within the Neighbourhood Residential Zone (NRZ), which supports the residential character of the area while offering development opportunities subject to planning approval. The property's enviable location is just steps from Ripponlea's thriving retail village, which features boutique cafes, restaurants, and everyday conveniences along Glen Eira Road, enhancing lifestyle convenience for residents.

Connectivity is a standout feature, with the Ripponlea train station only 150 meters away, providing residents with immediate and effortless access to Melbourne's Central Business District and the broader metropolitan area. Additionally, tram services along Carlisle Street and Brighton Road are moments away, further enhancing transport options.

The location also offers proximity to prestigious educational institutions, including Caulfield Grammar, Mount Scopus, and St Michael's Grammar, making it attractive to families and professionals alike.

The property is being offered for sale via Expressions of Interest, closing on Thursday, 4th June 2026 at 3:00 pm. This is a unique opportunity to secure a high-quality apartment block in a prime inner-city location with strong investment fundamentals and lifestyle appeal.