AN EXTRAORDINARY OPPORTUNITY…
- 6 Beds
- 3 Baths
If walls could talk this local landmark would certainly have some fascinating stories to tell. Purpose built in the 1930s as 'The Institute of Physical Education' the property still features the original plunge pool although thankfully no reminders remain of its later stint as a 'gentlemen's club' in the 1970s.
Over the last thirty years the residence has been in private ownership and the conversion into separate legal flats has occurred along the way. Currently lived in and enjoyed by one extended family, this characterful home presents a multitude of options - ample room for those needing versatility and space, ideal for astute investors and perfect for anyone needing a generous work from home environment.
The substantial floor area (426m2) is made up of three separate flats.
On the upper level:
Flat 1 two bedrooms with spacious open plan living opening to deck. Tidy kitchen and renovated bathroom. Rental appraisal (approx )$440 p/w
Flat 2 two bedrooms also with generous open plan living and deck. Simple but tidy kitchen and bathroom. Rental appraisal $440 p/w
Downstairs Flat 3 is a very well presented two bedroom unit with a modernised kitchen and bathroom and good storage. Rental appraisal $460 p/w
Set on generous 743m2 grounds, with some of what must be the best off street parking in the neighbourhood and a lovely westerly outlook, this is a rare opportunity to secure a unique slice of Eden Terrace history as well as a superb city fringe residence.
2011 CV $1,040,000
744m² / 0.18 acres