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44 Scott Grove, Glen Iris, VIC, 3146

2. Property Highlights

A super-sized 7 pack with multiple value add options

A super-sized 7 pack with multiple value add options - A significant and rare opportunity to acquire an entire apartment block in one of Melbourne’s most elite pockets. This is a blue chip calibre investment, representing huge potential for developers to completely transform the GRZ10 zoned, 1225m2 (approx.) site into multiple luxurious townhomes (STCA).

Currently, 44 Scott Grove consists of 7 apartments, each with a 2 bedroom, 1 bathroom floor plan comprising a formal lounge and kitchen with meals. Balcony views are assigned to top level apartments with each apartment allocated with convenient off-street parking. Well-maintained and presented, this residential complex also offers options for refurbishment and leasing.

Supremely positioned for convenience and lifestyle, walking distance to Gardiner Station, surrounding tram network, Gardiner Park, Harold Holt Swim Centre and several elite private schools. Situated near Tooronga Village, High Street shops and cafes and Malvern Central with easy access to M1 Freeway.

Excellent rental return with significant future opportunities to improve. Unit sizes range between 74 and 79 sqm approx. All units separately titled.

We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.

Remember to mention you found this property on DevelopmentReady

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3. Property Location

44 Scott Grove, Glen Iris, VIC, 3146