Rare Grace Park Investment & Redevelopment Potential

Perfectly positioned with preferred north-facing rear aspect and directly adjoining leafy L E Bray Reserve, this expansive and extremely rare allotment (839sqm approx.) in prestigious Grace Park Estate offers a multitude of exciting options. Primed for redevelopment with a luxurious new family home (STCA), the existing dwellings provide comfortable accommodation and dual income potential in one of Melbourne's most highly coveted locales.

Whilst undertaking the planning process, the current two semi-detached brick dwellings, each comprising 3 bedrooms, family bathroom, generous living and dining room, separate laundry and a stylish updated kitchen equipped underpin the investment and capital gains prospects of this outstanding property.

Presented in comfortable condition, which scope to further improve, this 'once in a generation' property is superbly positioned with lovely heritage surrounds, close to Glenferrie Road shopping, boutiques, cafes and restaurants, the new Recreation complex and Lido Cinema; plus numerous prestige schools and public transport options including easy access to the CBD and CityLink.