3 Melrose Street, Cremorne VIC 3121

Enjoying truly iconic surroundings between the Yarra, Richmond and the CBD, this original home boasts prime development potential in a once-in-a-lifetime location. Zoned under Neighbourhood Residential Zone 1 (NRZ1) on approx. 305sqm, the stage is set for a brand new property up to 9M High (STCA) with incredible lifestyle prospects “Including School ZONING to Melbourne High School and Richmond primary School”

The current home remains in original condition, comprising of 4 large bedrooms, separate lounge and family rooms, a galley kitchen with bathroom access and a rear laundry with separate toilet, storeroom and workshop. The block runs approx. 30.3m long with 10.10m frontage, a covered alfresco patio, and a paved backyard with rear laneway access. This is an ideal opportunity to fully redevelop and build a fresh new home for yourself, or invest in this unbelievable location with exceptional rental potential (STCA). “The property has No Heritage Overlay”

You’re a stone’s throw from the Yarra River, Gosch’s Paddock, Punt Road Oval and the beautiful Royal Botanic Gardens. Enjoy the Australian Open live only minutes’ walk away at the National Tennis Centre, or stroll to AAMI Park, the MCG and lively Swan Street for shopping, restaurants and nightlife.

Buses, trams and Richmond Station are all at your fingertips, providing effortless public transport to South Yarra, St Kilda, Southbank, Docklands and the CBD itself.