South Yarra triplex listed with $12.5 million hopes
A South Yarra triplex has been listed for sale in one line.
The Marne Street comes with a $11.5 million to $12.5 million price guide.
It is for sale through Kay & Burton agent Peter Kudelka who said it was a rare chance to secure a whole block of apartments in the heart of the Botanic Gardens precinct.
Offers are due 12 May.
The marketing seeks buyers who will either iInvest or re-develop.
Its land size is 885 sqm.
Apartment three, a rear one bedroom garden apartment, was up for rent at $350 a week last June.
Apartment one was last advertised in 2012 at $1500 a week.
South Yarra has a $620,000 median price for units that rent for $410 PW with a rental yield of 3.4%.
Based on five years of sales, South Yarra has seen a compound growth rate of 0.7% for units, according to realestate.com.au.