1-18/7-9 High Road, Camberwell VIC 3124

For Sale by Tender Closing Thursday 7 June at 2.00. Occupying a spectacular position near the nexus of Toorak and Burke Roads, this is an unmatched, generational opportunity to secure an incredibly rare land position in Melbourne's premier inner-east. Sprawling across more than an acre (4,433sqm approx.) over three separate titles, it represents a peerless development opportunity. It currently encompasses a period Californian bungalow converted into three one-bedroom apartments, as well as four blocks of two-bedroom apartments making a total of 18 apartments (each with designated parking bays or carports) set within generous common grounds, creating a wonderful sense of community. Boasting excellent city views from the rear of the block, this is a truly landmark opportunity, amenable to a range of options including continuation of current rental arrangements (currently returning $300,060.00 per annum), fabulous refurbishment potential, conversion to residential care facilities, or completely redevelop (STCA). A sublime location - cafes, shops and trams are around the corner on Burke Road; it's just 5 minutes to Camberwell Junction; easy access to the Monash Freeway; and less than 30 minutes into the CBD. Within the Auburn High School and Camberwell South Primary School zones, and within minutes of elite private schools.
Agents in conjunction Colliers International - Hamish Burgess 0421 641 497, Bryson Cameron 0421 641 497