1-3/14 Kingsley Street, Camberwell VIC 3124

Property Details: • Type: House

• Bedrooms: 6 • Bathrooms: 3

Description: Expressions of Interest. An exceptional opportunity for investors and developers seeking to acquire a significant development prospect in one of Melbourne's most iconic urban lifestyle precincts. Recently rezoned into the Housing Choice and Transport Zone, this exciting property is perfectly positioned in a prized treelined Camberwell pocket, a short walk to shopping, cafes, dining, schools, parks, train, trams and all the delights of Camberwell Junction. Rarely does an offering present such an extraordinary range of options, the 948sqm approx. site with three residences providing a passing income of $86,820 per annum, delivers magnificent prospects and endless future advantages to buyers. Take full advantage of the 18.3m street frontage and 51.8m depth of this expansive allotment and create a boutique multi-residential development (STCA) or enjoy the returns of the current homes, Lot 1 a charming red brick 3 bedroom house with living, dining, kitchen, sunroom, bathroom, laundry, courtyard and garage, Lot 2 and 3 both two bedroom units with polished timber floors, lounge, kitchen, bathroom, laundry and carport. The exciting property sits next to one of the Victorian Government's newly Designated Activity Centres, a highly connected urban setting already home to vibrant retail and dining, transport and a diverse range of medical, health and community services whilst surrounded by prestigious public and private schools and beautiful parkland. Whatever the vision, this prime parcel delivers the coveted positioning and lifestyle amenity that underpins lasting value.