109 Caroline Street

South Yarra VIC 3141

Commanding a premier city-fringe position beside the Yarra River and only moments from the Royal Botanic Gardens, this solid brick Art Deco block of four substantial residences presents a compelling investment or redevelopment opportunity* on a prized 651sqm approx. corner allotment. Generous proportions, secure garaging and established tenancies provide immediate income, while the outstanding location on the edge of The Domain places Melbournes sporting precinct, leading independent schools and the CBD all within easy reach.
Occupying the upper level, the dual-level, privately accessed penthouse residence is the largest of the four and delivers impressive three-bedroom, two-bath accommodation with sweeping outlooks and expansive terraces designed to capture light and privacy, complemented by a private double garage with internal entry. Units one and two provide light-filled two-bedroom, one-bathroom layouts with private courtyard gardens, balconies, open living and dining zones and secure garaging, accessed via a shared secure entry.

With the Yarra River trails, transport, The Domain and elite schools all within walking distance, this landmark property presents an exceptional opportunity as a high-performing investment or future development site in one of Melbournes most tightly-held pockets. *Subject to council approval.