11 Raleigh Street
Prahran

Offered for sale for the first time in fifty years, this rare investment opportunity is located in a prime position providing excellent rental return in close proximity to vibrant Chapel Street's dining enclave. Situated on the edge of stylish St Kilda Road precinct with its superb transport links to the CBD and beyond, Albert Park Lake, Fawkner Park and some of Melbourne's most beautiful parks and gardens are within easy reach.

This neat block of twelve large (50sqm approx.) one bedroom apartments represents a sound and secure long-term investment or a rare and lucrative opportunity for subdivision (STCA), refurbishment and subsequent re-sale. Alternatively the prime 639sqm (approx.) site could be re-developed (STCA). Currently returning $169,000 per annum.