88 Greeves Street, Fitzroy, Vic 3065

Stonebridge Property Group is pleased to present for sale 88 Greeves Street, Fitzroy.

Key highlights of the opportunity include: 

- Rare 1960s Art Deco block of 12 x 1-bedroom apartments, currently leased and presenting a stable income stream

- The whole block has been owned and cared for by one family for 55 years

- Triple street frontage landholding of 502 sqm* allows for flexibility of access to the property for future development

- Enormous potential for value-add and rental uplift through refurbishment/re-leasing of existing flats, or sell down unit by unit

- Building configuration includes 12 x 1-bedroom, 1-bathroom apartments with 11 on-site car spaces

- All 12 apartments feature large windows in living and bedroom areas, offering excellent natural light throughout

- Future development potential providing for elite residential, hotel, or accommodation outcomes (STCA)

- Located in the high-demand Fitzroy precinct with a median house price of $1,707,500^, which is over 1.5 times higher than the Metro Melbourne median

- No heritage overlay on the existing building, allowing for a complete rebuild or demolition to deliver a luxury residence

- A location that suits young professionals, down-sizers and retirees, being only a short walk to a vast array of lifestyle amenities including Mecca retail Smith Street (230 m*), Brunswick Street (200 m*) and Gertrude Street (780 m*) retail and hospitality precincts, Woolworths (370 m*), and Carlton Gardens (900 m*)

- While only a few steps or minutes from retail stores, cafes, restaurants, bars, supermarkets, and public transport, the property enjoys a premium position on a quiet and highly desirable residential street

- Within one of Melbourne’s most abundant educational and healthcare precincts, with institutions including Melbourne University (1.5 km*), RMIT University (1.8 km*), St Vincent's Hospital (1.1 km*), and The Royal Melbourne Hospital (1.9 km*)

- Excellent direct access to Melbourne CBD (1.3 km*) and major educational, research and healthcare institutions via walking, cycling, or tram routes along Smith and Brunswick Streets

- Fully leased net income of $241,063* per annum, with an average of $440 per week per unit - currently under market and indicating strong income growth potential

88 Greeves Street, Fitzroy is for sale via Public On-site Auction Friday 15th August 2025 at 12:30PM (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner
0459 396 341

Max Warren
0488 296 892

Chao Zhang 张超
0411 625 068

*Approximately

^ Realestate.com.au

Property Code: 1337