1-8/22 Selwood Street

Positioned on an elevated, tree-lined street, this superb late-1950s/early-1960s block of eight one-bedroom apartments presents a rare and compelling opportunity for investors, renovators or developers (STCA). Securely leased in its current condition, the property provides immediate income with exciting scope for a straightforward refurbishment to significantly enhance rental returns and long-term capital growth. Alternatively, the expansive 719sqm allotmentpotentially capturing sweeping city skyline views from a third storeyoffers an exceptional site for a luxurious new family residence or boutique redevelopment, with no heritage overlay restrictions. The solidly built block retains a wealth of original character, including parquetry timber floors, terrazzo bathroom flooring, pedestal basins and durable pressed-brick construction set on a concrete slab. Four ground-floor apartments comprise generous living rooms, separate functional kitchens, double bedrooms with built-in robes and bathrooms, opening to shared front or rear garden spaces. The four upper-level apartments mirror the same well-proportioned layout, each extending to a private balcony. Additional features include a communal laundry and four unallocated off-street car spaces. Perfectly positioned just moments from Camberwell Junction's vibrant shopping and dining precinct, trams along Riversdale and Burke Roads, Camberwell Station, leading private and public schools, and the open spaces of Anderson Park, this is an increasingly rare opportunity to secure a substantial landholding in one of the area's most tightly held and prestigious pockets. Appealing to Investors Only. Unit 1 - $320 per week / $1390 per calendar month Unit 2 - $445 per week / $1934 per calendar month Unit 3 - $320 per week / $1390 per calendar month Unit 4 - $435 per week / $1890 per calendar month Unit 5 - $380.25 per week / $1521 per calendar month Unit 6 - $340 per week / $1477 per calendar month Unit 7 - $425 per week / $1847 per calendar month Unit 8 - $435 per week / $1890 per calendar month