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$100,000 St Kilda garage attracts first-home buyers

A St Kilda garage with the potential to be converted into a small apartment has been attracting a lot of attention from potential first-home buyers keen to get into the exclusive Melbourne suburb.

According to realestate.com.au, the 55sq m garage with a roller door is situated at the back of a block of units on Grey St and has the potential to be converted into a one-bedroom apartment.

The sellers are asking for between $90,000-$99,000 for the property, which also includes access to water, electricity and sewerage and opens up onto the communal courtyard.

Jellis Craig Port Phillip’s Andrew Turner said he had been “inundated” with first home buyers who are keen to capitalise on the property’s price and prime location.

“It’s the typical sort of brick garage with a tin roof and concrete floor,” Mr Turner told realestate.com.au.

The block in which the garage is located. Photo: Jellis Craig

Mr Turner said the Port Phillip Council had indicated the garage could be converted into a residential property, however, any work would be subject to the building’s body corporation.

“I think you could do something with the exposed brick and concrete, you could probably put a skylight in,” he said.

“I think there would be options to create a cool pad for someone who wants to be among it all.”

The garage has been used to house up to four cars, with other interested parties looking at the space for storage or even as a “man cave”.

Mr Turner said the garage had recorded more than 2100 page views on realestate.com.au since being listed on Monday, ahead of the auction on February 25.

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Rowan Crosby

Rowan Crosby is a freelance journalist specialising in finance and real estate.

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