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Report ListingJames Moss
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Australia | Fortitude Valley
1 - 8/55 Mitchell Street, Northcote, Vic 3070
Huge Development Potential | 3 Frontages Potential for Multi Townhouses (STCA)
Currently - 8 x 1 Bedroom Apartments on One Title
Or supercharge your investment portfolio, get the most out of your super, make the most of the family trust with this terrific complex of eight apartments with frontage to Mitchell St and two frontages to ROW's totaling 668m2 allotment (approx.) that promises a regular low fuss income.
Perfectly positioned just moments stroll from all the delights of High Street and transportation. Each apartment has had works done to them over recent years and offer one generous bedroom, large separate living room, central bathroom, kitchen meals area and 2 x communal laundry facilities.
Currently all securely tenanted returning $134,000 (approx.) PA and there is scope over time to increase rental income, even more so after further cosmetic refurbishment.
Alternatively, you may wish to redevelop the entire block and strata title each apartment for maximum return.
For further information please call Belle Property Blackburn.
Secure Parking:
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Dishwasher:
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Broadband:
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Ducted Heating:
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Ducted Cooling:
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Split system Heating:
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Hydronic Heating:
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Split system Air con:
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Gas Heating:
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Reverse Cycle Air con:
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Evaporative Cooling:
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Air Conditioning:
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Alarm System:
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vacuumSystem:
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Intercom:
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Pool In Ground:
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Pool Above Ground:
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Tennis Court:
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Balcony:
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Deck:
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Court yard:
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Outdoor Ent:
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Shed:
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Open FirePlace:
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Hot Water Service:
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Inside Spa:
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Outside Spa:
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Furnished:
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Study:
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Built in Robes:
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Gym:
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Workshop:
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Rumpus Room:
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Floor boards:
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PayTV:
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Fully Fenced:
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entertaining area:
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Vacuum System:
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Ducted Vacuum System:
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Swimming Pool In ground:
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Energy Efficiency Rating: Low (0):
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Energy Efficiency Rating: Med (6.0):
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Energy Efficiency Rating: High (8.0):
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Energy Efficiency Rating: Med (5.0):
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Energy Efficiency Rating: Med (5.5):
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Energy Efficiency Rating: High (10.0):
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Energy Efficiency Rating: Low (0.5):
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Energy Efficiency Rating: Low (2.5):
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Energy Efficiency Rating: High (8.5):
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Energy Efficiency Rating: Med (7.0):
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Energy Efficiency Rating: Low (1.5):
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Energy Efficiency Rating: Low (3.5):
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Energy Efficiency Rating: Med (4.0):
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Energy Efficiency Rating: Low (3.0):
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Energy Efficiency Rating: Low (2.0):
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Energy Efficiency Rating: Med (7.5):
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Energy Efficiency Rating: Med (6.5):
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Your monthly budget 
We use your income and expenses to calculate how much remains each month after you make loan repayments.
Repayments
Expenses
Remaining
Listed price from 2,950,000 We use your income and expenses to calculate how much remains each month after you make loan repayments.
Deposit
The Available deposit figure below shows your total deposit minus upfront costs. Please click on the link for detail.
Interest
Based on current RBA Lenders' Interest Rates. For Owner occupied properties it is 6.28% and Investment properties 6.52%.
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