1 Sydney Street & 599-601 Orrong Road, PRAHRAN EAST
Jonathon McCormack and Michael Gross from Gross Waddell in conjunction with Kay & Burton are offering for sale 1 Sydney Street & 599-601 Orrong Road, Prahran East via Expressions of Interest closing on Tuesday 12th April 2016 at 5pm.
Featuring a substantial 934m² of prime residential land over three titles, the property represents a unique opportunity to acquire a significant land holding in Melbourne’s most highly sought after location to live, work and play. The unique corner site is situated opposite Orrong Park, Toorak Park and Lend Lease’s Toorak Park Development which will comprise 448 apartments and 18 two to three level townhouses.
This prized park side location sets the stage for this outstanding redevelopment opportunity (STCA). Alternatively this offering currently provides three separate three to four bedroom residences all of which have been recently refurbished offering excellent accommodation and potential for holding income.
The property is positioned some 350 metres* to Toorak Train Station and located nearby Hawksburn Village Shopping Centre, High Street shopping precinct, Beatty Avenue and Hawksburn and Toorak Villages. Featuring dual street frontages to: Sydney Street (39.7 metres*) and Orrong Road (22.7 metres*).
The property is perfectly positioned and in close proximity to the Monash Freeway (3.5km), Melbourne’s CBD (8.1km) and many of Melbourne’s elite private schools including Melbourne Girl’s Grammar, St Kevin’s College, Lauriston, Loreto Mandeville Hall and The King David School.
Jonathon McCormack of Gross Waddell commented “Sites of this magnitude rarely present themselves in this high in demand precinct. Given that the purchaser will have the flexibility to develop this site into something spectacular with all the right amenities at your doorstep, I expect this property to bring our vendor a plethora of suitable buyers.”