Position and potential in top Toorak location
This rare offering of two period apartments to be sold as one presents a range of options for the savvy home buyer, investor or developer.
The position, a prestige address in a cul de sac near Como Park, the Yarra River and minutes to Toorak Village, with easy access to the Monash Freeway, needs little introduction. But perhaps the property’s greatest appeal lies in its future.
Set on 368 sqm (approx.) of land, the two solid brick apartments with Art Deco influences – one upstairs and one downstairs – have identical floorplans of two double bedrooms, bathroom, kitchen, spacious living room and separate dining room. Two separate driveways, a generous front garden and low-maintenance courtyard provide much valued outdoor space.
Potential exists to convert the building into one expansive single home or to update the apartments leading to enhanced rental returns, while plans are drawn up for a new multi-level home or development (STCA) that would deliver brilliant city views taking advantage of the site’s elevated north-west aspect.