Number 25 Sandham Street on 1746sqm approx presents a pair of classic residences on one title, one featuring four bedrooms and two bathrooms, and the other showcasing four bedrooms, a bathroom and a separately accessed granny flat adding a fifth bedroom and second bathroom to the mix.
Note: 23 Sandham St is also for sale and available as 5 units on one title and 1887sqm approx.
Currently, the comfortably appointed homes offer immediate rental yield, but the true value lies in the exciting development prospects and the capacity for transformation. Envision erecting a modern, luxury boutique complex (STCA), to take full advantage of the prestigious position that's merely steps away from Elsternwick Village, with its train station, tram lines, shops, dining, bars, and Classic Cinemas.
Whether renovating the current structures or undertaking a comprehensive development, this site is an exceptional canvas for the discerning developer. Such expansive and promising opportunities are exceedingly rare. This is a once-in-a-lifetime invitation to leave an indelible mark and shape the future of an exclusive neighbourhood.
Block 25 | Unit 1 Lounge, dinning, sunroom | 4 bedroom | 2 bathrooms Current Rental | $1775 per month Predicted Yield | $690 - $750 per week
Block 25 | Unit 2 Lounge| 4 bedroom | bathroom (AV Jennings home) With Granny flat at rear | 1 bedroom | 1 bathroom Current Rental | $2166 per month Predicted Yield | $800 - $850 per week
- No. 25 showcases 2 classic homes, one with self-contained granny flat
- Ready rental yield with comfortable, well-appointed existing structures
- Close proximity to transport, shopping, dining, and cinemas
- Renovate or rebuild (STCA), an exceptional canvas for discerning developers
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