HouseSouth Yarra (Australia)

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bedrooms7 bathrooms3

A genuinely unique offering in one of South Yarra’s most iconic streets, this solid brick period home has been uniquely reconfigured into a high-yielding investment that comprises three independent two and three bedroom apartments. With a fourth, freestanding home at the rear and permits to create a luxury 4 residence redevelopment inclusive of a cross-over to Rockley Road, the opportunities here are almost endless and certain to reward. Offered individually or together on a staggering 813 square metre allotment (approx.), the only limits here are those of the imagination (all STCA).The front residence: With three independent entry points, a total of seven bedrooms, three kitchens, three bathrooms and multiple living / dining areas, the front residence can readily be returned to its former glory as one of the area’s most significant residences, with the added prize of Rockley Road driveway access. Alternatively, it can be retained as a lucrative investment, improved as deemed necessary or completely rebuilt (STCA). (Land approx. 633sqm)The rear residence: With its own rear car access via Tivoli Road, the rear residence enjoys convenient access to Toorak Road and Chapel Street while presenting double-story accommodation that comprises two bedrooms, open-plan living and a carport. Again, the options here span from continuing to generate rental returns to owner-occupancy, improving as desired or starting afresh. (Land approx. 180sqm)This is a world class location capable of rewarding any investment, right on the cusp of all the cosmopolitan action and boutique shopping of both Toorak Road and Chapel Street, with all modes of transport, elite Schools, the Yarra River and Como Park also nearby to enhance a compelling lifestyle proposition.ESR Residences 1 to 3 - $4,400,000 - $4,800,000ESR Residence 4 - $1,250,000 - $1,350,000