140 Princess Street

Unquestionably one of the finest redevelopment opportunities available in eastern Melbourne, this landmark Edwardian residence is set on an extraordinary allotment of 1,000 square metres (approx.) with approved plans and permits for a lucrative multi-residential redevelopment. Rich in its original character, the home is well suited to those looking to rejuvenate an icon, whilst this remarkable site offers plenty of dream home potential, but the first steps have already been taken towards a hassle-free, six townhouse redevelopment that is destined to reward your efforts. Well removed from the road and accessed via a wide return veranda, the home currently creates a regal street presence and offers immediate livability under soaring ceilings of pressed metal, complemented by leadlight windows, open fireplaces and rich period character, all within lush established gardens. But the plans have already been approved and the land cannot be ignored as the pressure for higher density suburban living intensifies, ensuring that this is the perfect redevelopment candidate. This is a high-profile position guaranteed to enjoy an enduring market appeal, merely metres from Willsmere Village and moments from Kew Junction, as well as the iconic parklands of Studley Park and the popular private school precinct, whilst easy freeway access and Mornington Peninsula access is likely to be an added drawcard.