Sold11 Raleigh Street, Prahran
Rare Investment Opportunity
sold 11 Raleigh Street, Prahran, VIC
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sold 11 Raleigh Street, Prahran, VIC
1 of 2
Offered for sale for the first time in fifty years, this rare investment opportunity is located in a prime position providing excellent rental return in close proximity to vibrant Chapel Street's dining enclave. Situated on the edge of stylish St Kilda Road precinct with its superb transport links to the CBD and beyond, Albert Park Lake, Fawkner Park and some of Melbourne's most beautiful parks and gardens are within easy reach.
This neat block of twelve large (50sqm approx.) one bedroom apartments represents a sound and secure long-term investment or a rare and lucrative opportunity for subdivision (STCA), refurbishment and subsequent re-sale. Alternatively the prime 639sqm (approx.) site could be re-developed (STCA). Currently returning $169,000 per annum.
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Welcome to Prahran 3181
Median House Price
$1,705,000
2 Bedrooms
$1,404,833
3 Bedrooms
$1,776,833
4 Bedrooms
$2,798,667
Just 5 kilometres southeast of Melbourne's CBD, Prahran is an eclectic suburb known for its fashionable boutiques, thriving cafe culture, and dynamic nightlife.
