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1-8/35 The Avenue, Windsor, VIC 3181

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1-8/35 The Avenue, Windsor, VIC 3181

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1-8/35 The Avenue, Windsor, VIC 3181
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1-8/35 The Avenue, Windsor, VIC 3181

1-8/35 The Avenue, Windsor, VIC 3181

Properties / Sold / Victoria / Windsor
Development Potential
Property Type
Residential
Land Area
893 m² (*approx)
Zoning
GRZ10 GRZ
Local Government
Stonnington
Selling Method
Auction: Contact Agent
Show All
The Rarest of Opportunities: A Relatively Unrestricted 893sqm in Historic Medical Precinct with 8.9m Mary Street Frontage

The land size and rear access to Mary Street are just the beginning when you look into this once in a lifetime opportunity. The potential for uplift in the more immediate returns of $136,000 (approx.) once fully let, or a refurbishment and more substantial increase to circa $150,000 are attractive possibilities. The investment credentials are bolstered further by the prospect of further development (STCA), with high-end residential and/or medical options at the top of the list. An art-deco apartment block of eight oversized one-bedrooms like this is rare enough, rarer still is one with non-contributory historic significance. In fact, the only key consideration is where the trees are and will be, to ensure you add to the beauty of the tree-lined Avenue this block sits within. An advance Private Hospital with 152 beds is just across the road, while Melbourne Orthopeadic Group is adjacent on the Southern side. I know what you are thinking, it sounds exciting, but just wait until you dig a little deeper. A drive-by along The Avenue will convince you of the incredible appeal of the location, a quick walk around the back will show you just how good the rear access and Mary Street boundary is and no doubt that the feasability will culminate in attractive returns, with low risk attached. Now you are probably thinking this is all too good to be true, and it could be …but if I'm right it has to be worth your time and due diligence to find out for sure.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

1-8/35 The Avenue Development Site Summary

Property Type
Residential
Land Area
893 m² (*approx)
Zoning
GRZ10 GRZ
Local Government
Stonnington
Selling method
Auction: Contact Agent

Development Site Highlights

The Rarest of Opportunities: A Relatively Unrestricted 893sqm in Historic Medical Precinct with 8.9m Mary Street Frontage

The land size and rear access to Mary Street are just the beginning when you look into this once in a lifetime opportunity. The potential for uplift in the more immediate returns of $136,000 (approx.) once fully let, or a refurbishment and more substantial increase to circa $150,000 are attractive possibilities. The investment credentials are bolstered further by the prospect of further development (STCA), with high-end residential and/or medical options at the top of the list. An art-deco apartment block of eight oversized one-bedrooms like this is rare enough, rarer still is one with non-contributory historic significance. In fact, the only key consideration is where the trees are and will be, to ensure you add to the beauty of the tree-lined Avenue this block sits within. An advance Private Hospital with 152 beds is just across the road, while Melbourne Orthopeadic Group is adjacent on the Southern side. I know what you are thinking, it sounds exciting, but just wait until you dig a little deeper. A drive-by along The Avenue will convince you of the incredible appeal of the location, a quick walk around the back will show you just how good the rear access and Mary Street boundary is and no doubt that the feasability will culminate in attractive returns, with low risk attached. Now you are probably thinking this is all too good to be true, and it could be …but if I'm right it has to be worth your time and due diligence to find out for sure.

Remember to mention you found this property on DevelopmentReady

Read More
Download 166718216497524338.pdf
Development Potential
Edward Carlile
Edward Carlile
+61 *** *** *** show +61 438 800 606
Luke Piccolo
Luke Piccolo
+61 *** *** *** show +61 412 951 273
Philippe Batters
Philippe Batters
+61 *** *** *** show +61 418 992 103
Edward Carlile
Edward Carlile
+61 *** *** *** show +61 438 800 606
Luke Piccolo
Luke Piccolo
+61 *** *** *** show +61 412 951 273
Philippe Batters
Philippe Batters
+61 *** *** *** show +61 418 992 103

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1-8/35 The Avenue, Windsor, VIC 3181

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1-8/35 The Avenue, Windsor, VIC 3181 Windsor
Woodards - South Yarra
Woodards - South Yarra
Level 1, 157 Toorak Road, South Yarra, VIC, 3141
View Agency Profile
Edward Carlile
Edward Carlile
+61 *** *** *** show +61 438 800 606
Luke Piccolo
Luke Piccolo
+61 *** *** *** show +61 412 951 273
Philippe Batters
Philippe Batters
+61 *** *** *** show +61 418 992 103