12 North Melbourne apartments listed in one line
The property will be sold subject to a current rental of $158,000
Jonathan ChancellorOctober 12, 2021
A 12 apartment block in North Melbourne has been scheduled for November 5 auction in one line.
Teska Carson is marketing a standalone apartment block on the north-western fringe of Melbourne’s CBD.
Located at 9-11 Haines Street, the property comprises a three storey block of 12 one bedroom, self-contained, apartments.
The 590 square metre site is zoned General Residential 1 with 16 metres frontage and rear access via Harris Street to off-street parking.
The property will be sold subject to a current rental of $158,000 with an estimated fully leased income of $188,888 as two units have recently vacated.
Teska Carson agent Adrian Boutsakis said the city fringe address would attract a level of rental demand that continues to drive a flourishing gentrification process.
CoreLogic puts its last sale price at $5,005,000 in 2018.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.