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Note: Not open for public inspection, please contact agent to arrange private inspection time. See the multiple possibilities, multiply your options, secure this multi-dwelling property and...

Note: Not open for public inspection, please contact agent to arrange private inspection time.

See the multiple possibilities, multiply your options, secure this multi-dwelling property and maximise the rewards. Comprising 5 mid-century units, 5 carport spaces, and approx 859sqm land, this multi-dwelling, single-titled property adds up to the most versatile, and potentially rewarding, opportunity by the bay.

Built in 1956 as a multi-generational investment, Cranbrook Lodge is a group of 5 mid-century units offered in solid original condition with individual month-by-month tenancies (for all but one tenant) providing a gross return of $69,936pa. Providing a good mix of accommodation (2 are two bedroom floorplan, 3 are one bedrooms), this whole-group offering represents a once-in-a-lifetime opportunity to invest, reimagine, renovate, resell or rethink this significant site.

Add value and step up to a new level with easy extension and clever conversion to two-storey townhouse accommodation. Appreciate the mid-century appeal and polish and upgrade to maximise rental return...or makeover subdivide and resell with a minimum of fuss. Alternatively, start afresh on this significant site with multiple all-new home designed to meet the market for prestige beachside living on the edge of the retail and rail strip (Subject to Council Approval).

Whatever the plan, this multi-dwelling opportunity has multiple lifestyle benefits with Parkdale's station and latte strip just a couple of blocks away, the primary school within a 300m stroll, and the Bay within a relaxed weekend walk or jog. For more information about this one-off multi-home opportunity contact Wesley Belt at Buxton Mentone on 0418 310 753