Six Fitzroy units with townhouse development potential to go under the hammer

Six Fitzroy units with townhouse development potential to go under the hammer
Six Fitzroy units with townhouse development potential to go under the hammer

Six Fitzroy units have hit the market in one line, a potential opportunity for boutique developers and investors.

Colliers International’s Hamish Burgess and Ted Dwyer have been appointed to auction the block of six two bedroom units at 320 George Street, Fitzroy.

The prime-located 570 square metre allotment, within walking distance of Brunswick, Smith and Johnston streets, is anticipated to draw interest around the $3.8 million mark.

Suitable for a luxury townhouse development, there is scope for redevelopment for up to six high-end dwellings.

Leased on a monthly basis for an annual income of about $124,848, the units also represent a passive investment opportunity for discerning buyers.

320 George Street will go to auction on December 9. 

Tags: 
Apartment Sales Fitzroy

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