Rare Development Opportunity - Steps from the Bay

Explore an exceptional investment or development opportunity with this classic 70's group of units on a generous 1,029sqm (approx), ideally situated on the fringe of the highly coveted Golden Mile, mere paces from North Point Cafe and the stunning North Road Foreshore. Currently generating an impressive annual income of approximately $103,500, these four classic units present a reliable cash flow for astute investors, whilst the setting embodies the essence of Bayside living, only moments away from the beach, prestige schools and a thriving retail and dining scene. Alternatively, take advantage of the incredible opportunity to capitalise on the vision of award-winning architect Luke Fry, with concept plans for seven exquisite luxury residences spanning two levels, complete with secure basement parking (subject to council approval). As a prosperous investment that promises high growth and consistently strong rental returns, no matter how you position it, this substantial and rare property offers an enviable life, a short walk to Elsternwick Park, Martin Street Village, and city-bound transport.