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325 Dandenong Road & 4 Karbarook Avenue, Prahran, VIC 3181

2. Property Highlights

'KELVIN MANSIONS' - A PREMIUM LAND RICH OFFERING WITH STRONG INCOME & DEVELOPMENT UPSIDE
  • 2,185sqm* RGZ/GRZ Land
  • Providing strong current Income
  • 16 Units being offered In-one-Line

CBRE Melbourne Metropolitan Sales is pleased to present 'Kelvin Mansions' a blue-chip land-rich opportunity superbly positioned on the border of the prestigious suburbs of Prahran & Armadale.

The first time offered to the market in over 50 years, this premium opportunity can be summarised by the following key attributes:

+ 2,185sqm* Residential Growth Zone (RGZ) / General Residential Zone (GRZ) landholding with commanding dual street frontages to Dandenong Road & Karbarook Avenue

+ Three (3) beautifully presented blocks of sixteen (16) strata titled residential apartments featuring large Internal floor plates

+ Strong current Income of $379,644* per annum

+ Major development potential for up to 4-5 levels (STCA) & a strong downsizer market

+ Located In one of Melbourne's most desirable City of Stonnington suburbs evidently represented by a strong median house price of $1,700,000*

+ Adjacent to the highly regarded 'The King David School' with elite schools St Michael's Grammar School (1.5km*), St Mary's College (1.0km*) And Wesley College (2.0km*) nearby

+ Surrounded by an abundance of retail, food, lifestyle & public transport Including Armadale Train Station and the picturesque High Street Activity Centre (800m*) with immediate tram access along Dandenong Road and bus access along Orrong Road

+ The world famous Chapel Street Is only 1.5km* away featuring some of Melbourne's best food & nightlife and Malvern Central Shopping Centre and major retail strip Is within walking distance

+ Caulfield Racecourse (3km*) and Monash University (3.5km*) and Chadstone Shopping Centre all within close proximity

+ The property Is also serviced by Tier 1 medical facilities such as Cabrini Hospital (2km*), The Windsor Private Hospital (1km*) & The Avenue Hospital (1km*)

For further information please contact the exclusive sales and marketing agents at CBRE:

David Minty

+61 422 564 199

david.minty@cbre.com.au

Nathan Mufale

+61 421 224 354

nathan.mufale@cbre.com.au

Alex Brierley

+61 0447 974 447

alex.brierley@cbre.com.au

CBRE Asian Services Desk:

Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)

+61 411 059 116 (手机)

jj.heng@cbre.com (电子邮件)

jheng1206 (微信)

*Denotes Approx.

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3. Property Location

325 Dandenong Road & 4 Karbarook Avenue, Prahran, VIC 3181