Coming to Mordialloc are 6 exciting boutique apartments. This is a stunning opportunity not to be missed.
4 Krone Street is being developed within one of the strongest precincts of Mordialloc.
It is only metres away from 2 Ormond Street Mordialloc where a block of 11 units is being developed. These units are smaller than 4 Krone Street at average size of 70sqm for a 2BR. 7 of the 11 have been presold for prices from mid $500,000’s to over $600,000.
4 Krone Street is also one street over from a development of 24 units on Barkly Street Mordialloc. Again 4 Krone Street compares favourably to this development as the comparator table below shows. Krone Street is a smaller development, with larger units and provides greater value for money.
For investors the Investment Analysis shows how affordable it can be to own an investment in 4 Krone Street. With a strong rent return, excellent depreciation allowances and low interest rates on offer, investors can carry this investment at a post-tax cost of under $40 per week.
It’s an inexpensive way to invest in a quality boutique development in an area boasting unit price growth of 6.5% per annum over the last 10 years and a high 9.3% over the last 20 years (CoreLogic- suburb trends 2016).
One of Melbourne’s most established bayside suburbs, Mordialloc offers a relaxed beachside lifestyle coupled with access to all the major amenities of an inner-city area such as public transport, accessible major roads, access to premier schools and proximity to central shopping and activity hubs.
Escape the stress of modern life with over 10 km of beach on your doorstep. Mordialloc’s remarkable foreshore offers many trails to roam or ride. Food lovers can treat themselves to a coffee from one of the many Main Street cafes and eateries.
Shop to your heart’s content along the Main Street retail strip, but if relaxing with a meal and glass of wine is more your style, the Bridge Hotel is a local favourite.
Only minutes up the Nepean Highway is Westfield Southland, a major shopping and entertainment precinct for bayside suburbs.
You can also enjoy convenient access to the CBD and local schools, with Mordialloc Train Station only a very short walk away.
Mordialloc offers an abundance of recreation options for the active resident or for those who like to take it easy and enjoy being entertained. Mordialloc boasts an array of first-class amenities including;
- Over 10kms of beach on the spectacular Port Phillip Bay
- Local Marina with opportunities to charter fishing boats, go sailing and enjoy other watersports such as kayaking, stand-up paddle boarding, jet skiing
- Local Lifesaving Club supporting the beaches in summertime and offering functions
- Mordialloc Sailing Club
- A foreshore running and cycle track
- A range of local parks and playgrounds for family recreation and sporting enjoyment
- Many wine bars, water side restaurant and cafes offer a vibrant social scene. Local music is supported by a wide variety of culinary experiences locals and visitors alike have enjoyed for years
For more information on inclusions, plans and prices, or to speak with one of our experts, please contact us on 03 8692 5809 or enquire here.