467 New Street

Brighton VIC 3186

Occupying an outstanding 1,625sqm (approx) allotment in Melbourne's premier beachside suburb, Brighton, this expansive site offers a unique, blue chip opportunity. As the demand for residential luxury continues to surge, seize the chance to leave your mark on prestigious New Street. Here, you can craft a boutique development or landmark new family compound complete with a basement, pool and tennis court (STCA). Either way, capitalise on the site's advantageous dimensions including an impressive 32.3m frontage, generous 50.3m depth and a desirable north-westerly rear orientation.

At present, the property comprises a block of 9 light-filled units offered on one title, offering a myriad of rewarding investment outcomes with the added benefit of interim rental income. All of the blonde-brick units (c1950) feature polished floorboards and courtyards, and are in comfortable order. Among them, 7 units are 2-storey featuring spacious living-dining and a kitchen downstairs, and 2-bedrooms and a bathroom upstairs. Additionally, there is a pair of, 2-bedroom, 1-bathroom, single level villas. Each unit has it's own spacious private courtyard. Parking is ample, with a combination of carports and garages available.

Presenting both position and potential, this prized North Brighton precinct is sought after for its proximity to lifestyle conveniences. Just footsteps to local favourites, the Little Ox cafe and the grassy expanses of Elsternwick Park, within minutes of Martin Street's vibrant village shops, cafes, eateries and train station as well as the beachfront, both the Ormond Road and Glen Huntly Road restaurant and retail strips. Don't miss the opportunity to shape the future of this prime Brighton locale.