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5 Stonehaven Court, Toorak VIC, 3142

Development Potential
DETAILS
Rare 1,200sqm* Opportunity in Prime Toorak
  • 1,200sqm* land area
  • Premium Toorak location
  • Currently 12 units with income & upside

Colliers is pleased to offer 5 Stonehaven Court, Toorak, a truly unique opportunity to secure a premium land holding nestled in a prestigious Toorak location.

Situated in a private and leafy cul-de-sac, the property is a rare 1,200 sqm* site, currently improved with 12 individual apartments, positioned amongst Toorak’s most sought after addresses and convenient walking distance to Toorak Village.

Key features are below:

  • Two level residential apartment building of 12 individual one bedroom apartments with ancillary lots such as garaging and common resident space being offered in one line
  • Predominately leased with an estimated full leased income of $220,092* per annum
  • Located within a quiet and leafy cul-de-sac with a rare site area of 1,200sqm*
  • General Residential Zone with no heritage overlay
  • Excellent scope for future redevelopment that would ideally suit a luxury single dwelling to rival the best in Toorak and equally the opportunity for a multi-unit premium apartment project
  • Convenient walking distance to Toorak Village and surrounded by some of Melbourne’s most exclusive real estate
  • High performing residential market with a median house price of $5,000,000**
  •  

For further information, please contact the exclusive selling agents at Colliers.

Jozef Dickinson
0402 678 888

Trent Hobart
0433 196 452

Outlines indicative.

*approximately

**REIV September 2021

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
EOI:
TITLE:
Closing Thursday 11 November at 2:00pm
Property Area
AREA:
1200 m² (*approx)
Property Type
TYPE:
Residential, Apartment Sites, Townhouse Sites, Apartment Sites, Townhouse Sites
Development Potential
DEVELOPMENT APPROVAL:
Rare 1,200sqm* Opportunity in Prime Toorak

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5 Stonehaven Court, Toorak VIC, 3142

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