Auction Location: on site. This most rewarding buy comes with a seldom-found site in the most sought-after location! Nestled in a tranquil and leafy pocket surrounded by wonderful lifestyle attractions, this property offers an unmissable opportunity for the astute investor, or inspiration for a developer to consider the potential for a most rewarding project to fit with this brilliant streetscape. Positioned for success on a north/south allotment of approx 990sqm, the existing single-level group of four units is to be sold as a whole and is ready to reap the rewards as is; be taken to another level with an inspired renovation; or alternatively, the deep block provides the perfect platform to build contemporary courtyard homes/units or sleek townhouses (subject to Council consents). The Colonial style units built in 1973 run vertically down the block and are currently configured with lounge/dining room, 2 bedrooms, separate kitchen and bathroom. Plus, there are 4 carports positioned at the rear. All units are fully tenanted and rental income ranges from $275 p/w to $310 p/w. This property benefits from being in one of the Eastern suburb's most liveable positions - just a short stroll to Burnside Village, the Burnside Community Centre & Library and bus stop at the end of the street. Plus, it is surrounded by an incredible range of lifestyle activities and venues including Hazelwood Park, swimming pools, bowling greens, vibrant Norwood Parade, cinemas, top schools and the CBD just a quick 12 minute commute away. Capitalising on the location, this tightly-held, gorgeous garden suburb inspires enticing possibilities for a savvy buyer. An irresistible opportunity offering exceptional scope to grow and prosper in the future. "A Golden Opportunity to invest in this blue chip Eastern suburbs location". Auction: Thursday 11th March at 12:30pm on site (unless sold prior) - CONTRACTED AT AUCTION 1/4A Christie Ave Toorak Gardens $275 per week, lease ends 24/06/21 2/4A Christie Ave Toorak Gardens $310 per week, lease ends 15/05/21 3/4A Christie Ave Toorak Gardens $310 per week, lease ends 19/02/22 4/4A Christie Ave Toorak Gardens $310 per week, lease ends 20/02/21 1/4A Christie Ave Toorak Gds Council Rates $910.50pa Water Rates $144.16pq (approx) 2/4A Christie Ave Toorak Gds Council Rates $911.00pa Water Rates $145.19pq (approx) 3/4A Christie Ave Toorak Gds Council Rates $910.00pa Water Rates $143.13pq (approx) 4/4A Christie Ave Toorak Gds Council Rates $910.00pa Water Rates $143.13pq (approx) OFFER FORM LINK https://forms.gle/vtmX8wMceABUVSgx5 CT: 5052/480, 481, 482, 483 Council: Burnside We welcome you to contact Andrew Welch to arrange a private viewing. Our office has implemented precautionary measures for the safety of our Vendors, you and our agents. Open inspections follow the relevant social distancing and capacity guidelines. We appreciate your patience and understanding. LJ Hooker Kensington | Unley provide a service called Auction Pay which allows you to pay your deposit online, on the spot at Auction, rather than having the hassle of arranging payment by cheque. Please contact Andrew Welch to find out more about this service. The Vendor's Statement (Form 1) will be available for perusal by members of the public:- (A) at the office of the agent for at least 3 consecutive business days immediately preceding the auction; and (B) at the place at which the auction is to be conducted for at least 30 minutes immediately before the auction commences. RLA 275279