56 Howard Street, North Melbourne

56 Howard Street, North Melbourne

  • 3 bedrooms
  • 2 bathrooms
  • 2 car spaces
  • Approx 0 Square metres

Versatile Inner City Investment Already Earning

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Located on the fringe of Melbourne’s CBD, this versatile property is a unique investment opportunity.

Cleverly designed over three expansive levels and high ceiling on the inner city’s edge, this property was made for flexible working and living.

Zoned for mixed use, this modern, 210m2 building suits a combination of commercial and residential use, and is currently leased for that purpose.

The newly-signed lease will run for three years, bringing in $5500 per month, plus GST and outgoings, guaranteeing an immediate return on your investment.

Each level is an independent space, starting with the fully-self contained top-level apartment. This level is a private retreat, with a spacious bedroom with built-in wardrobe and a long-ranging skyline view and timber decked balcony. This level boasts a stylish bathroom, a laundry, an open-plan kitchen/meals area with an idyllic, extra-large private rooftop terrace.

The ground and middle levels have been set up for commercial use, each with a vast open-plan area, kitchenette, powder room and shower, making them suitable as office spaces or for any
business use.

Fresh and modern, each beautifully-finished level has its own cooling and heating system for absolute independence, while the upper level has two split-system reverse-cycle air conditioners – one in the bedroom and one in the kitchen/living area.

The property has a shared-garage with stacker, an alarm system, and the building boasts quality features and finishes throughout, including stone benchtops.

The first floor includes a good-sized terrace, the ultimate fresh-air escape at any time of the day.

All this is set within central location in North Melbourne, just steps from Victoria St trams and Errol St cafes and shops. Queen Victoria Markets are just within easy reach, along with popular schools, the hospital and university precincts and the beautiful green spaces of Flagstaff Gardens.

With a long-term tenancy in place, no body corporation, and ideal inner-city location, this investment property is already earning for you.

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Estimated monthly repayments based on advertised price of $1800000.

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