Positioned moments from St Vincent Gardens, Albert Park Village, South Melbourne Market, city-bound trams and the beach, this rare holding of 423sqm (approx.) combines flexibility today with clarity for tomorrow. Retain the existing 6×1 configuration for secure holding income while you finalise builder engagement and finishes; or proceed with the approved permit and endorsed plans for a substantial multigenerational living single residence of scale and privacy in a true blue-chip setting.
An investment block of apartments (6×1) or a substantial block of land in an amazing central location with approved permit. This offering presents a unique opportunity to acquire a single block of land with a key advantage: an approved permit for a single dwelling. In addition, this is not just land; it is an immediate, turnkey revenue generator, currently configured as 6 × one-bedroom apartments that can earn revenue from day 1. The approved permit provides a clear path to build your dream home (STCA) in an ideal beachside locale, with scope to construct a substantial single residence in line with the endorsed plans.
Plans and permit documentation are available on request. Purchasers are advised to rely on their own enquiries regarding approvals, services and dimensions.
