1 - 8 55 Mitchell Street

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.