28
1
8
In a picturesque residential street, only 500m to Glenferrie Road's superb array of shops, restaurants and cinemas, this substantial 3-level block of 28 apartments represents a myriad of exciting opportunities (STCA). Directly adjacent to Elphin Reserve and with no heritage overlay, it is the ideal site to build a new luxury home designed to your own tastes and requirements, a dual occupancy development or an entirely new enclave of boutique apartments. Alternatively, as is or refurbished, the superbly maintained and highly rentable block is a rewarding addition to any investment portfolio.

Only moments to Auburn and Glenferrie stations, Central Gardens, Swinburne University, a range of excellent schools and with a side right of way, this is an exceedingly rare chance to maximise the value of this highly coveted location and 638sqm approx. allotment.

Key Highlights:

- Freehold property comprising 28 apartments (studio or 1 bedroom with 1 bathroom) plus on-site parking
- Substantial parcel of land of 638sqm approx.
- Two street frontages
- Overlooking adjoining parkland
- Within the quiet, tree-lined residential street
- Potential to return $292,000 (Fully leased)
- Subject to short term monthly tenancies
- Potential to sub-divide or redevelop (STCA)
- Zoning: General Residential Zone 3 (GRZ3)
28
1
8
Partner, Licensed Agent, Auctioneer
Andrew Gibbons
Partner
Richard Mackinnon
Enquire about this property






    Thank you for your message. We will be in contact shortly.

    No Heritage Overlay, Block of 28
    No Heritage Overlay, Block of 28
    In a picturesque residential street, only 500m to Glenferrie Road's superb array of shops, restaurants and cinemas, this substantial 3-level block of 28 apartments represents a myriad of exciting opportunities (STCA). Directly adjacent to Elphin Reserve and with no heritage overlay, it is the ideal site to build a new luxury home designed to your own tastes and requirements, a dual occupancy development or an entirely new enclave of boutique apartments. Alternatively, as is or refurbished, the superbly maintained and highly rentable block is a rewarding addition to any investment portfolio.

    Only moments to Auburn and Glenferrie stations, Central Gardens, Swinburne University, a range of excellent schools and with a side right of way, this is an exceedingly rare chance to maximise the value of this highly coveted location and 638sqm approx. allotment.

    Key Highlights:

    - Freehold property comprising 28 apartments (studio or 1 bedroom with 1 bathroom) plus on-site parking
    - Substantial parcel of land of 638sqm approx.
    - Two street frontages
    - Overlooking adjoining parkland
    - Within the quiet, tree-lined residential street
    - Potential to return $292,000 (Fully leased)
    - Subject to short term monthly tenancies
    - Potential to sub-divide or redevelop (STCA)
    - Zoning: General Residential Zone 3 (GRZ3) Due Diligence Checklist
    Map Image
    Click to see the map
    Hawthorn
    Median residential price
    $749,000
    2 bedroom
    $663,000
    3 bedroom
    $1,925,500
    4 bedroom
    $3,250,000
    Similar suburb median prices
    2 bedroom
    $690,000
    3 bedroom
    $1,817,500
    4 bedroom
    $3,180,000
    About Hawthorn

    Live Like a Local

    Hawthorn’s celebrated suburban lifestyle makes it one of Melbourne’s most sought-after locations. Close enough to the city, but far enough away so that coming home feels like a relaxing escape, this well-established area offers families everything they could desire. At the heart of this suburb is Glenferrie Road, a vibrant corridor for designer fashion, homewares and cheerful cafes. With it’s own aquatic centre, cinema, bowls and tennis clubs, Hawthorn offers the convenience of city living with a unique setting that’s hard to forget.

    Explore Hawthorn
    Hawthorn
    Hawthorn’s celebrated suburban lifestyle makes it one of Melbourne’s most sought-after locations.
    Map Image
    Click to see the map
    Schools & Landmarks
    All
    Primary
    Secondary
    Special