PRESTIGE DEVELOPMENT POTENTIAL RGZ2
Prominently positioned for a rewarding future. Consider potential to build a luxurious multi-unit development (up to four storeys) or new home . Currently occupied by a well presented and renovated 3-bedroom residence, ideal to lease out while preparing plans and obtaining permits.
This prized location and leafy neighbourhood is centrally located on Malvern Road near High Street and Glenferrie Road and has direct access to local shopping amenity and a range of renowned private and public schools.
- 12km trip via M1 to Melbourne CBD;
- Direct access to Greater Melbourne via the Eastern Freeway;
- 5-minute walk to Gardiner Station;
- Regular trams via Glenferrie and Malvern Rd;
- Local shopping amenity, including Malvern Central;
- Nearby St Kevin’s College, Scotch College, Korowa Anglican Girls’ School, Caulfield Grammar and Glen Iris and Malvern Primary Schools. Monash University’s Caulfield Campus is less than 4kms.
Perfect for investors, developers, families and renovators, this enviable address gives you the potential to further capitalise as an investment, development site or occupy just as is.
Situated down the road from two other finished high-end developments, this site has a proven track record for success. Malvern, within Stonnington is one of Melbourne’s premier locations for development and investment opportunities, this zone encouraging a diversity of housing types including those of increased density due to the outstanding access to services, transport, activity and town centres.
Land Size: 443.40sqm (10m frontage x 43m depth* approximate only).
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