4 Stonehaven Court
Toorak

Exclusively situated at the end of an elite cul de sac, this mid-century block of 16 one-bedroom c1958 apartments occupying a substantial north-facing allotment of 1,610sqm approx. represents a significant opportunity as a lucrative addition to any investment portfolio or as the site for a boutique development or a visionary luxury home (STCA).

On two levels, currently each apartment is comfortably presented through a light-filled living room, well-appointed kitchen and a double bedroom with robes and pristine bathroom. Most open to either a balcony or verandah and are all positioned around a central communal garden. They all have a garage or carport. Immediately profitable to lease out as they are, refurbishment would add income and capital growth to a rewarding investment or long-term land-banking strategy.

Nestled amongst some of Toorak’s finest homes in a blue-chip locale prized for its historic trees and just a short walk to Toorak Village, Toorak Rd trams, Toorak station and excellent schools, this is an exceedingly rare opportunity to explore a wide range of possible options. Note Zoning GRZ11.