93-103 Park Street, SOUTH YARRA
Jonathon McCormack and Michael Gross from Gross Waddell in conjunction with Jeremy Fox and Oliver Both from RT Edgar have sold 93-103 Park Street, South Yarra prior to the Expression of Interest campaign closing this week, for an undisclosed price.
Featuring a combined land area of 890m²* the two properties on one (1) title offered a once in a lifetime opportunity to acquire a property on the “doorstep” to the Kings Domain and Botanical Gardens. The properties feature a commanding frontage of over 31* metres with rear access via St Martins Place. This irreplaceable multi-frontage landmark position is situated strategic General Residential 1 (GR1) land and a 12 metre height limit (STCA).
The current improvements on the land is an older style three level brick boarding house, comprising of 54 rooms. The Domain Precinct is bordered by Fawkner Park to the south, Punt Road to the east, St Kilda Road to the west and the Yarra River to the north; and has been the home to Melbourne’s elite for over a century. Accessibility to first class amenity includes Fawkner Park and Botanic Gardens, retail amenity on Domain Road and Chapel Street, immaculate Melbourne CBD proximity and elite education institutions including Melbourne Grammar (both boys and girls campuses).
Jonathon McCormack of Gross Waddell commented “this opportunity was unmistakably a once in a generation in the finest suburb within the world’s most liveable city. 93-103 Park Street is situated only 2.5km* to the Melbourne CBD in one of Melbourne’s oldest and most affluent inner-city suburbs. The purchaser is a local developer through Gross Waddell that has acquired prime real estate in one of Melbourne’s most exclusive and tightly held pockets.”