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50-52 Princess Street, Kew VIC 3101
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Rare and Outstanding - 1,373sqm approx. of Pure GRZ-3 Potential

Auction: Sat 18-Nov-17 2:30PM

Rarely does a property of this size spanning 1,373sqm approx. with exceptional investment potential become available in such an excellent Kew location near the highly regarded Studley Park precinct; within an easy stroll of Kew Junction shopping including Leo's Fine Foods, Toscanos, cafes, restaurants and transport options. Plus the prized Studley Park precinct and Yarra Parklands with easy access to an excellent selection of schools including the prestige private school precinct and the CBD, Yarra Valley or Mornington Peninsula via the Eastern Freeway. 

The property to be sold as one is occupied by semi-detached two-storey Victorian homes c1890 plus three rear spacious, contemporary two-storey townhouses built in 1999 which are in excellent condition, currently leased out and have intercom entry plus rear lane access from Brougham Street.

The Victorian building has been divided into a two-storey home on the south side and two apartments on the north side. All of which require renovation and offer the new owner with the option of updating them, owner occupying the home, converting to one home or alternatively the property could provide a magnificent new luxury home site if desired (STCA).

The home features period attributes and is currently configured downstairs bedroom, dining room, informal living, well appointed granite/Euro kitchen/meals, powder room, laundry+WC. Includes verandah, courtyard garden OFPs, tandem garage and off-street parking. Whilst upstairs has a further three bedrooms kitchen area and a family bathroom. The two apartments are almost identical offering two bedrooms, bathroom, dining, sitting, study, kitchen/meals and deck or patio.

The two-storey townhouses 1 & 2 are similarly configured with private front & back courtyards, three bedrooms, main with ensuite, family bathroom, sitting room, kitchen/meals, laundry, powder room, ducted heating & cooling plus garage. Whilst the two-storey town residence has four bedrooms, main with ensuite, family bathroom, kitchen/meals, powder room, laundry, ducted heating & cooling, northern alfresco plus garage and visitor parking.

Land size: 1,373sqm approx.

Remember to mention you found this property on DevelopmentReady

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