138 Alma – St Kilda East

11 Apartments and 1 heritage listed unit

Complete early 2014










  • Only 6.5km’s to CBD by Road (10 minutes by car)
  • 5.7% p/a Long Term Historical Trend for Growth
  • 850m to Balaclava Train Station & 900m to Windsor Train Station (zone 1)
  • Only 1km to Chapel St shopping & entertainment district
  • Huge demand for rentals with a yield of approx 4.9%
  • Architecturally designed with high quality fixtures and fittings
  • Out of pocket only $21-28 per week on an investor income of $80,000 & positive cash flow on an income of $150,000.


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