1,2,3 & 4/96 Grey Street

A Rare Investment Opportunity with Exceptional Returns

This is a once-in-a-lifetime opportunity for the astute investor, offering a substantial property with remarkable rental income. Spanning approximately 854sqm, this prime St Kilda allotment is currently occupied by four individually titled homes, each operating as high-yield, fully furnished rental accommodations.

The property breakdown is as follows:

House 1: Four self-contained one-bedroom/studio apartments
House 2: Seven-bedroom dwelling
House 3: Registered Boarding House with eight rooms
House 4: Four-bedroom house with an adjacent studio
Generating a gross rental return of approximately 10%, this is an unparalleled investment with incredible cash flow. While immediately profitable, the property also holds significant future potential-whether through modern updates, redevelopment, or a long-term land-banking strategy (STCA).

Perfectly positioned just moments from Barkly, Acland, and Fitzroy Streets, as well as Albert Park, St Kilda Beach, and key public transport links, this is an opportunity to secure a high-performing asset in one of Melbourne’s most sought-after lifestyle locations.

Invest, develop, or hold – the choice is yours, but opportunities like this don’t come around often.

Disclaimer:
All information provided, including floorplans, room dimensions, and land size, is indicative only and intended for general guidance. Belle Property does not guarantee the accuracy or completeness of any plans, illustrations, or representations shown in marketing materials. We recommend that all prospective buyers conduct their own research, seek independent advice, and confirm all details independently prior to making any property-related decisions. Belle Property accepts no responsibility for any discrepancies or misstatements.