1-6/112 Normanby Avenue
Thornbury, VIC 3071

Offering a remarkably rare blue-chip opportunity, this entire block of six apartments is situated on a substantial 661 square meter allotment in the heart of Thornbury. This property delivers diversified high-yield potential, currently generating a combined approximate income of $96,000 per annum, with potential to increase to approximately $140,000 per annum. It represents a sensational portfolio addition, with the classic brick complex being sold as a whole site, unlocking immense potential for savvy investors, developers (subject to council approval), or renovators aiming to capitalize on a highly sought-after inner-north location.

The property comprises a versatile mix of one and two-bedroom apartments, providing excellent scope for multiple income streams. The residences showcase solid brick construction, featuring period details and large windows that allow abundant natural light to fill the interiors. Some apartments have been tastefully renovated with updated kitchens, while others remain in neat original condition. One apartment is currently undergoing renovation, offering the new owner the opportunity to inject their own style and design preferences.

Each apartment is designed with functional living zones and private balconies that provide a quiet outdoor space for residents. The expansive block includes convenient side access leading to an extensive rear parking area, fully supported by a highly prized rear Right of Way (ROW) access. This substantial rear footprint highlights the incredible scope for future enhancement, extension, or a complete redevelopment project (subject to council approval).

Whether you are an investor seeking high yields diversified across multiple tenancies, or a developer looking for prime land for a project, this property rarity offers endless opportunity. Positioned for ultimate lifestyle convenience, this rare landholding places residents just moments from the iconic High Street and its vibrant array of cafes, bars, and boutiques. Families and tenants will appreciate the proximity to Thornbury Primary and Croxton School, while weekend recreation is well catered for with Mayer Park and the Northcote Golf Course located nearby. Additionally, the 510 bus stop is conveniently located on the street, providing effortless connections to the Melbourne CBD and enhancing the appeal of this premier urban lifestyle location.