OVERVIEW

Cushman & Wakefield is pleased to present Units 1-15, 44 Gatehouse Street, Parkville for sale via Expressions of Interest closing Thursday, 18^th September at 2:00 PM (AEST).

This rare full-block offering presents a unique opportunity to acquire a collection of fifteen fully furnished strata-titled apartments in one of Melbourne’s most prestigious and tightly held inner-city precincts. Located in a high-demand rental market, the property offers strong income potential and long-term investment flexibility.

Situated just 1.8 km* from Melbourne’s CBD, the property enjoys a corner position opposite Royal Park. It is within walking distance of the Royal Melbourne Hospital, the Royal Children’s Hospital, and the new hospital planned for Melbourne's Biomedical Precinct, offering exceptional lifestyle appeal for tenants. With low vacancy risk and a premium location, this is a standout opportunity in Melbourne’s city fringe.

Key Property Features:

·      Fifteen strata-titled one-bedroom furnished apartments across three levels

·      Recently refurbished and fully furnished low-maintenance asset with quality finishes

·      Seven on-site at grade car spaces

·      Generous site area of 736 sqm* zoned Neighbourhood Residential Zone (NRZ)

·      Potential gross annual rent over $550,000 per annum from private market rent

·      Strong rental demand driven by proximity to major employment, healthcare, and education hubs such as the University of Melbourne

·      High-quality renovations including new kitchens, bathrooms, flooring, fixtures, security systems, and upgraded communal areas

·      Full turnkey fit out inclusive of furnishing, appliances, kitchen and laundry essentials, safety equipment and accessories

·      Only 1.8 km* from Melbourne CBD with excellent connectivity via tram, bus, and train routes

·      Dual frontages to Gatehouse Street and Story Street, plus rear laneway access

·      300 m* to Royal Melbourne Hospital and Royal Children’s Hospital, and the new hospital planned for Melbourne's Biomedical Precinct

·      Close to North Melbourne and Carlton retail and dining precincts

·      Surrounded by green spaces including Royal Park and Ievers Reserve

For further details, please contact Cushman & Wakefield:

Joe Kairouz +61 421 430 638

Oliver Hay +61 419 528 540

Hamish Burgess +61 421 641 497

*Approximately