Perfectly positioned in a prized tree-lined setting between the bay and Albert Park Lake, this 500 sqm (approx.) parcel of prime land presents an exciting investment or development opportunity.
Currently occupied by a double-storey residence with a deep rear garden, the property offers outstanding scope to capitalise on its preferred north-facing orientation and generous proportions.
With a 12m frontage, 41m depth and rear access via Carter Street, the property presents an exciting prospect for a luxurious new residence (STCA), as others have done along the street. Alternatively, the existing home, with its light-filled interiors and mid-century character, offers scope for an inspired renovation.
Adding further appeal, both the residence and self-contained one-bedroom apartment above the double garage at the rear offer the opportunity to generate rental income while plans take shape. Each feature well-appointed kitchens and bathrooms, reverse-cycle heating and cooling and balconies overlooking Hambleton and Carter Streets respectively.
An enviable address moments from Albert Park Village, the light rail, MSAC, the beach and excellent schools, with zoning for Middle Park Primary School and Albert Park College.
