1930s Art deco building. Ground floor apartment with an internal area of approx. 95m2 and outdoor area of approx. 30m2. This unit would be suitable for down-sizers and busy professionals working in the city. There may be concerns for noise due to the location of this apartment positioned at the rear of the block backing onto a carpark which adjoins the train line. The Apartment is in good condition and liveable as it is. There is no parking on tile which is another concern however in this proximity to the city the market is used to street parking. It is important to factor these components into the price. These types of units are highly sought after due the scarcity, size and character features all of which make a sound investment. At 1.2m the rate psm is $9,600 which seems in line with the market for this type of units. At a price I would recommend if you are limited by the budget and want this location.
David has worked as a property Investment adviser, property consultant, buyer agent & valuer to private clients, financial planners, accountants, finance brokers and various government entities since 1999. He has been involved in more than $1b worth of transactions across Victoria, New South Wales, South Australia, Western Australia & Queensland.