Smile All the Way to the Bank

182, Elgin Street, CARLTON

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150.00 m2

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Overview

Occupy or Investment Opportunity

Nestled in a prime location, this property is a dual-purpose prize, featuring a ground-floor shopfront and a modern upstairs apartment, making it a fantastic opportunity for a live-work arrangement or a savvy investment.

The property boasts 98 sqm* of flexible retail/office space with sleek polished concrete floors that enhance the expansive open-plan workspace – currently leased. Additionally, it offers a private modern kitchen and bathroom separate from the upstairs tenancy.

Accessible via a separate entrance, the first-floor residential living space is thoughtfully designed, featuring an open-plan apartment incorporating a well-appointed kitchen featuring stainless steel appliances, a meals area, a breakfast bar, a comfortable living space and a charming balcony. The apartment also comprises two bedrooms with ample storage in the robes and a bathroom with a relaxing corner spa – currently vacant.

> Ground floor securely-leased to medical
> First floor occupy or lease separately
> Rear laneway access & parking

This opportunity presents an array of possibilities, making it equally appealing to owner-occupiers and investors alike.

Whether you choose to live upstairs while benefiting from the rental income from the ground floor or opt to lease both levels, the decision is entirely yours. Don’t miss this opportunity to secure a property that offers convenience, flexibility, and substantial potential, all in one exceptional package.

Perfectly situated between the lively streets of Lygon and Drummond, this property offers unrivalled convenience.

Located on the threshold of the CBD, with easy access to trams, an array of restaurants and popular attractions like the Carlton Gardens and Melbourne Museum.

The property is also family-friendly with both Carlton Primary and Melbourne Uni in proximity and is within the sought-after zone for University High School.

The property is part of a mixed-use complex that includes both residential and commercial units and includes a convenient rear parking space.

*approx.

Key Details

Status

For Sale

Type

Retail

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We would like to put on record our genuine appreciation and commendation for the services provided by the GrayJohnson sales team. The final negotiations were handled with the utmost professionalism and skill.

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GrayJohnson achieved two property sales in difficult markets with limited buyers and a difficult finance/banking environment. In both cases, Matt, Rory and the team at GrayJohnson worked hard to ensure a result for both vendors.