Perfectly positioned in a highly sought-after South Yarra pocket just metres from the lifestyle allure of Toorak Road and Chapel Street, this rare 650 sqm (approx.) (50' x 140') parcel of prime land presents a truly remarkable opportunity.
Currently home to a solid circa 1970 three-storey apartment block with 15 well-designed studio apartments with separate bathrooms, the property offers immediate rental income with scope to value-add, reconfigure or completely redevelop (STCA). Whether you're an astute investor or developer, the possibilities here are as exciting as they are extensive.
Surrounded by world-class shopping, dining, entertainment and public transport, the location speaks for itself. Moments from trams, South Yarra Station, the Royal Botanic Gardens, the Yarra River and elite schooling, this is a lifestyle address with incredible growth credentials.
Opportunities of this calibre and scale in such a premium position are increasingly hard to find. Whether you're looking to unlock development potential, land bank in a proven growth area or capitalise on the existing income stream, this is a property with flexibility, substantial value-add potential and unmatched location appeal.
