Situated on a quiet leafy tree line street of Ripponlea within 2 kilometres from Elwood beach and 5 km from the City between vibrant suburbs of St Kilda and Elsternwick and surrounded by outstanding amenities. This one-off opportunity delivering an outstanding inner-city project possibility with multiple uses (STCA).

- Land holding of 678 square meters.
- Strong potential income of $187,000 per annum (fully leased).
- Existing improvement includes 8 two-bedroom apartments with car spaces and communal laundries on 1 title.
- Opportunity to renovate or redevelop or change of use (STCA).

Offered for sale for the first time since its construction, this unique property represents a fantastic investment with huge potential and significant income.