Blue-chip location & Prized GRZ5 Development Opportunity
A rare opportunity not to be missed to own this large period home, perfectly positioned on the primed and prestigious Toorak Road, a blue-chip and highly sought-after pocket of Camberwell. Occupying a generous parcel of land 880sqm approx, this substantial property offers many exciting options:
-Astute buyers can move in and relish the immediate comfort of the renovated, light filled, open-plan design, five-bedroom residence with high-wall seclusion and a prized north-facing rear garden living or continue to enjoy the current rental income of $900/week while holding out for property increase in value in time to come
-In time ready to add further contemporary renovation or knockdown rebuild your brand-new luxury dream home, settle into and enjoy an enviable and relaxing lifestyle of prestigious Camberwell has to offer A family friendly area, lively shopping strip, restaurants, cinemas, good public transport and excellent schools and proximity to the city. Its only 9-minutes walk to Leo's Fine Food & Wine Supermarket.
-Developers can take advantage of this rare and exceptional opportunity to capitalise on the blocks huge size and scope, GRZ5 zoning with potential to build multiple stylish townhouses perhaps (STCA), or multi residential, penthouse-style luxury apartment building of up to three levels (STCA).
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.