1-12/19 Pine Avenue
Elwood

Offered as an "entire block", these twelve one bedroom units on "separate titles" sit on an impressive allotment of some 613sqm approx., represent an outstanding opportunity to either redevelop (STCA), refurbish or invest in an Elwood address that ensures consistent demand and promises reliable returns. Arranged over three levels of a traditional c1960s building, the original floor-plans, feature inviting bedrooms, generous living/meals areas, separate kitchens and central bathrooms and remain entirely livable while also offering easy scope for renovating to boost rental rewards. Three front units with balconies survey the tree lined streetscape while to the rear, car parking spaces are easily accessed via wide ROW. Currently returning income in the vicinity of $146,000 per annum (11 of the 12 are currently occupied), this exceptional opportunity is further enhanced by the desirability of its setting, surrounded by Ormond Road's shops and cafes, Elsternwick Park and Elwood beach. Rare, rewarding, with enticing upside, one of Elwood's most significant openings.