'KELVIN MANSIONS' - A PREMIUM LAND RICH OFFERING WITH STRONG INCOME & DEVELOPMENT UPSIDE
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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