10 freehold Fitzroy flats

Asking price $1,065,000 incl GST\n\nA rare opportunity to purchase a 10 unit block of one bedroom flats (on one freehold title) in sought after Fitzroy. Fully tenanted (the longest current occupant has been there for more than twenty years) with a passing rental in excess of $94,000.00pa. The approximately 390sqm building sits on a generous 880sqm (more or less) L shaped block (zoned Business D). Investors can reap rewards by maintaining the successful status quo, remodelling the existing building or developing an entirely new residential or business proposition. Anyone seeking a sound business or development opportunity should inspect. \n\n