25 Andover Street, Carlton

An exceptional and rare opportunity to acquire an entire boutique block of four strata apartments with no common walls and positioned within one of Carlton's most sought-after locations. Boasting 2 street frontages, this opportunity also presents an upside to its current zoning, allowing for the possibility (STCA) of increased height density. Whether you're a seasoned investor or looking for a secure, high-yielding asset, this fully leased, double-brick block presents an unparalleled chance to secure a turnkey investment with immediate rental income and significant future growth potential. Key Investment Highlights: Current Rental Income | $155,000 approximately per annum. Immediate, stable cash flow. Total Approximate outgoings | $18,000 per annum. All Apartments Boast: Either a single or double (side-by-side) lock-up garage. Stylishly renovated with spacious, free-flowing floor plans. Separate lounge and dining rooms. Extra-large bedrooms, all with built-in robes. Spacious terrace areas. Oversized deluxe kitchens. Split system air conditioning. Large common sun-filled garden. All apartments have an additional and separate 2nd toilet. No common walls. Georges River Council: Zoning | R4 High Density. Height Allowance | 15 Metres. FSR | 1.5:1. Land Size | 605sqm (approx.) with dual street access via Andover and Balfour Streets. This much-loved, solid, immaculate, well-maintained double-brick and concrete construction is built to last with minimal upkeep. All units fully tenanted – receive income from day one!