26/243 Collins Street, Melbourne.
Attention Investors - Potential Gross Return of 6.5%
** Enter from Manchester Lane ** Inspection via private appointment - Please call Sam Fenna on 0437 309 715 to arrange a time. Could the location be any more ideal? With esteemed neighbours like Burberry, Hugo Boss, and Coach, this location epitomises the essence of city living. Nestled on Manchester Lane between the renowned Flinders Lane and Collins Street, The Merigold on Collins, dating back to 1884, stands as a splendid heritage gem, with a total of 30 apartments. Maintaining an array of original elements from its conversion, the stairwell proudly exhibits grand pressed ceilings and original tiling. Additionally, the lift retains its external embellished cast metalwork. Positioned on the second level, featuring generous original windows, this beauty with all its heritage appeal is so charming. Abundant storage solutions enhance the kitchen, which hosts an oven, dual burner cooktops, and concealed appliances including a fridge and washing machine. Secure intercom access too. Consistently returning over $5,000 per month as an Airbnb, this presents an ideal opportunity for those seeking an investment for either short- or long-term occupancy, or as an impeccable city pied à terre. Stroll to the plethora of theatres, bars, and restaurants, you will simply love this location and everything that it offers. Offered with vacant possession. (Items included in the sale are the washer/dryer, canopy bed, cloud-shaped couch, desk & chairs.)
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Get to know the area.
Buzzy and cosmopolitan Melbourne CBD offers a treasure trove of arts, dining and musical entertainment. Towering office buildings jostle for space with high-end designer boutiques, hidden laneway bars and the vibrant colours of Chinatown, while the city’s signature street art gives it a welcome edge. A magical melting pot, there’s a whole lot to do (and love) here.
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