Rare New Home or Development Opportunity
Coming to market for the first time in almost 50 years, this is a generational opportunity to renovate and create one incredible residence, renovate the two existing residences, or develop multiple residences (STCA) on a 641sqm (approx.) land holding with two street frontages in this prized location. Whatever the vision, this rare opportunity has incredible potential and is sure to reap innumerable rewards for the discerning Buyer.
The property in its current form is a private rooming house encompassing 21 individual boarding rooms, 3 kitchens, 3 kitchenettes, 3 communal bathrooms and a laundry.
Located just metres from St Kilda West beach, Catani Gardens and Fitzroy Street and within close proximity to Albert Park Lake, St Kilda Pier, the St Kilda Baths, Chapel Street and Melbourne's CBD, 38-40 Park Street presents an incredible opportunity in a highly desirable and convenient lifestyle location.
The property in its current form is a private rooming house encompassing 21 individual boarding rooms, 3 kitchens, 3 kitchenettes, 3 communal bathrooms and a laundry.
Located just metres from St Kilda West beach, Catani Gardens and Fitzroy Street and within close proximity to Albert Park Lake, St Kilda Pier, the St Kilda Baths, Chapel Street and Melbourne's CBD, 38-40 Park Street presents an incredible opportunity in a highly desirable and convenient lifestyle location.
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