1-8/10 Adelaide Street MURRUMBEENA
10 bed | 8 bath | 8 parkingUndisclosed
Auction 27th March 01:00pm
Statement Of Information Document
Contact the agents
John Chartres
Director
Call 03 9509 8244 | 0418 321 951
Jack Resic
Property Consultant
Call 03 9509 8244 | 0432 969 301
Contact the office
Thomson Malvern
Call 03 9509 8244
1276 High Street
Malvern VIC 3144
8 Strata Title Apartments to Be Sold as One
Strong Income with Clear Upside
10 Adelaide Street, Murrumbeena presents a compelling opportunity to acquire an entire block of eight fully self-contained, strata titled apartments in one of Melbourne’s tightly held residential pockets.
Set on approximately 696sqm, the property comprises a well-balanced mix of six one-bedroom and two two-bedroom apartments. The diversity of condition provides solid immediate income while offering genuine scope to enhance returns through refurbishment and rental uplift.
The property currently generates $157,452 per annum gross with one vacancy, with a fully leased income potential of approximately $181,437 per annum. Investors can capitalise on the existing cash flow while exploring longer-term development or repositioning options (STCA).
Property Summary
• Land Area: 696sqm
• Configuration: 6 x One Bedroom & 2 x Two Bedroom Apartments
• Car Parking: 8 On-site Car Spaces
• Current Income: $157,452 gross per annum + 1 vacancy
• Fully Leased Income Potential: $181,437 gross per annum
• Title: Lots 1–8 on Strata Plan 016572
• Zoning: General Residential Zone – Schedule 1
• Overlay: Parking Overlay – Precinct 2-2
Location
Positioned in a quiet, tree-lined street, the property benefits from immediate access to public transport, local cafés and daily conveniences. It is within walking distance to Murrumbeena Train Station and only moments from Chadstone Shopping Centre, supporting strong tenant demand and long-term capital growth prospects.
This is a genuine blue-chip residential investment with scale, flexibility and future upside in an established rental market.
In the neighbourhood
Open for Inspection
No inspections are set for this property. Would you like to contact the agent to arrange an inspection?
