103 Moray Street,

New Farm

Built during the 1930s, 'Ardrossan' is a classic block of flats that's available for only the third time in nearly a century. Previously sold as a whole building, each apartment is now strata-titled and so each could be sold separately. This may be the last opportunity to buy Ardrossan as a single package. An Information Memorandum is available on request.

• 6 x 2 bedroom + sunroom apartments, all with off-street parking
• In excellent condition, beautifully maintained with no outstanding works in progress
• Updated kitchens and bathrooms, and period-features like polished timber floors
• Fully rented with an income of approximately $240k/annum
• Newly established body corporate, with forecasts and property management plan
• Opportunity to sell down one at a time, or maintain as a full block of flats
• Positioned prominently on Moray St, part of the heritage-listed Julius St precinct
• Riverside adjacent property with city skyline, river and district views
• Solid investment with a proven track-record of strong capital growth
• Walking distance to village cinemas and shops, Howard Smith Wharves and CBD