Exceptional Position with holding income & development upside
Auction Thursday 1st November on site at 12noon
Situated directly adjacent South Yarra Railway Station and Toorak Road this brilliant landholding of some 668 sqm* approximately with a 15.2 metre* frontage to Darling Street boasts a current rental income of $112,368 per annum from 4 x large 2br apartments. With a short walk to Chapel Street, The Yarra River, The Royal Botanical Gardens, and Fawkner Park this location will allow for an ideal lifestyle with ease of access to amenity. With current General Residential Zoning (GRZ9) the property also provides scope for development upside (STCA).
• Strong land holding of 668 sqm
• 4 x Large 2br apartments returning $112,368 per anum
• General Res Zoning (GRZ9) providing potential development upside
• Perfectly positioned meters from South Yarra Station, Toorak Rd Tram & Chapel St
Only 3.5 km to Melbourne CBD and less than 10 minutes via train coupled with strong holding income and development upside, this property is simply not to be missed
Remember to mention you found this property on DevelopmentReady
