An exceptional opportunity to acquire a prominent corner site in one of Melbourne’s most sought-after suburbs. This property offers significant potential for redevelopment or renovation, capitalizing on its prime location and existing planning approvals.

• Land Size: Approximately 556 m²

• Zoning: Residential Growth Zone – Schedule 2 (RGZ2)

• Heritage Overlay: Yes

• Existing Structure: Victorian-era residence comprising 5 bedrooms and 3 bathrooms

• Street Frontage: Combined frontage of approximately 50 meters

The property comes with an approved planning permit for the development of four high-end townhouses, offering a lucrative opportunity for developers to capitalize on the strong demand for quality residences in Armadale. Alternatively, the existing Victorian home presents a canvas for renovation, preserving its historical charm while modernizing its amenities.

• Strong Market Demand: Armadale’s reputation as a blue-chip suburb ensures consistent demand for quality housing

• Capital Growth: The area’s historical performance indicates robust capital appreciation potential

• Rental Yield: High rental demand driven by professionals and families seeking proximity to the CBD and top-tier amenities

• Walking distance to High Street and Glenferrie Road shopping precincts, renowned for their boutique shops, cafes, and restaurants

• Immediate access to tram routes, with the number 5 tram stop located directly at the property, and close proximity to Armadale and Toorak railway stations

• Zoned for Armadale Primary School and Glen Eira College, with several prestigious private schools nearby

• Near parks, recreational facilities, and cultural institutions, enhancing the lifestyle appeal