5 Aberdeen Street Newtown 3220 VIC
Rare Iconic Newtown
A unique and unrivalled opportunity awaits the astute investor. This landmark, iconic Art Deco building comprises four delightful two-bedroom apartments on one title, each with a private balcony. Situated on 1,300m2 (approx), this property offers unparalleled scope for further development (STCA). Rear vehicle access affirms the scale and exciting investment potential of this land holding.
With a rental return of $64,220 per annum, there is a sound income base from which to grow. Each unit is separately metered for water, electricity and gas.
Boasting views overlooking the city and beyond to the You Yangs and Corio Bay from the upper level, with easy proximity to the CBD, this property is a highly desirable and attractive address.
Immaculately presented with manicured gardens, Aberdeen Court is an exceptional example of a stylish inter-war Art Deco building. Feature arches, rendered facade, period brickwork and decorative wrought iron complete this highly impressive building. A piece of Elwood in the heart of Geelong.
Opportunity, location and beautiful!
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Real Estate For Sale in Newtown, VIC 3220 priced between $1,300,000 and $2,500,000