Presenting a priceless opportunity to acquire a magnificent property with a wide frontage of 21.33metres and depth of 91.14metres or a total of 1,944sqm approx., zoned GRZ10 in a prized Malvern East residential precinct. Offering fantastic options for developers or new home builders to consider in either renovating or demolishing the existing dwelling and redeveloping on site with the designing and building of a multi-residence development, apartments or luxurious town residences; alternatively a grand family residence with a pool and tennis court - capitalising on a preferred northern rear aspect (STCA). Either way this represents a rare opportunity to purchase a significant large landholding in a prime lifestyle location with the capability for outstanding capital growth prospects and/or income potential.
With its value and lifestyle benefits underpinned by an outstanding position in a quiet tree-lined street, close to all East Malvern amenities, including local shopping, easy access to Chadstone Shopping Centre, plus an array of some Melbourne's finest schools, including St Mary's and Lloyd Street Primary schools and easy access to Darling Station for travel to other secondary schooling options and the CBD. Recreation facilties are also easily accessed, just walking distance away to Central Park, Hedgeley Dene Gardens and Gardiners Creek bike and walking tracks
The property is currently occupied by a 1920's red brick post Edwardian home in original condition requiring a total makeover to all the interiors and surrounding garden areas. The home features period attributes including dark stained timber and leadlight windows, four bedrooms, two attic-style upstairs with City skyline glimpses, main bedroom downstairs with a period-style bathroom and kitchen, huge formal sitting room, study, dining room and informal living. Other features include wall heaters, roof storage, external brick laundry, shed and garage plus multiple off-street parking.
Land size: 1,944sqm (approx.)
