Developers or renovators with foresight will want to snap up this rare and sought-after opportunity to acquire an expansive prime corner allotment of over 1,000sqm in area dominated by quality homes, which comes with approved plans and permits for a three storey complex of twelve luxury apartments. Conveniently positioned within a few moments walking distance of the Tooronga Shopping Complex, Anderson Park, an excellent array of sought-after public and private schools including Auburn South Primary, just minutes from public transport options, Camberwell Junction plus CityLink for accessing the CBD and either Mornington or Bellarine Peninsulas.
The allotment is currently occupied by a large period family residence c1920 which has previously been renovated and extended but now requires a total front to back makeover to restore it from its rundown condition. Or alternatively redeveloping by constructing one or two new homes on the site capitalising on the access from Lawson Street (STCA). Highlighting the exceptional investment potential for significant future capital gains on offer with this property.
Securely positioned behind a high surrounding fence the existing home comprises entrance hall leading to four bedrooms with BIRs, main with WIR and period-style ensuite and family bathroom, generous north-facing formal living and dining and family rooms flowing to a sunny covered alfresco area; plus a modern timber kitchen with WIP, laundry and third bathroom. Other features include video intercom, alarm, ducted heating, R/C air conditioner (family living), remote double garage and off-street parking.
Land size: 1,014sqm/10,915sqft approx.
Get an indication of price. Call or SMS agent.
No information about nearby schools in this area.