Hong Kong
 Gumtree Hong Kong > Flat / House, Real Estate > houses / flats for rent  

Beachside Investment Property in Australia, Victoria
Price: Please contact
Ad ID: 85103952
  Visits: 96
Location: Hong Kong
Date Listed: 03/11/2008

About the residence
 
Grand and impressive 1920’s solid brick residence has continually improved in status and charm over the years. The residence is allotted on 882 sqm section, contains 4 self contained two bedroom apartments, each returning AUD $1600 per month.
 
Potential buyer will be pleasantly surprised with this stunning beachside residence, situated in quiet and popular street in the heart of Hampton shopping centre.
 
Opportunities
 
The property offers opportunity for multi unit re-development with bayside views. As per plan of subdivision, there is potential for development of residential zone 1 part and business zone 5 parts, with prospect of 24 apartments, including 4 penthouses and underground parking space for 28 cars.
 
Access to the property from two streets: Small Street and Railway Crescent.
 
 
About the area
 
In 1887, the area developed when the railway was extended from Flinders Central all the way to Sandrigham. During this time, there were a few local shops in the area, and nowadays it is successful Hampton street shopping center.
 
The property values in the Small Street and the surrounding areas have significantly risen and continue to do so as the demand for properties in the area grow. The highest priced properties in the Hampton area are found in this street.  
  • Beachside property – walking distance to popular Hampton Beach
  • Walk to Sandrigham Yacht Club and Sandrigham Sailing Club
  • 12km from Melbourne city centre.
  • Close to railway station, shops, cafes and buses.
  • Potential for redevelopment – commercial and residential.
Please contact hampton.pier@gmail.com  for all enquiries.
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