5 Stonehaven Court Toorak VIC 3142

Colliers is pleased to offer 5 Stonehaven Court, Toorak, a truly unique opportunity to secure a premium land holding nestled in a prestigious Toorak location.

Situated in a private and leafy cul-de-sac, the property is a rare 1,200 sqm* site, currently improved with 12 individual apartments, positioned amongst Toorak's most sought after addresses and convenient walking distance to Toorak Village.

Key features are below:

Two level residential apartment building of 12 individual one bedroom apartments with ancillary lots such as garaging and common resident space being offered in one line
Predominately leased with an estimated full leased income of $220,092* per annum
Located within a quiet and leafy cul-de-sac with a rare site area of 1,200sqm*
General Residential Zone with no heritage overlay
Excellent scope for future redevelopment that would ideally suit a luxury single dwelling to rival the best in Toorak and equally the opportunity for a multi-unit premium apartment project
Convenient walking distance to Toorak Village and surrounded by some of Melbourne's most exclusive real estate
High performing residential market with a median house price of $5,000,000**

For further information, please contact the exclusive selling agents at Colliers.

Jozef Dickinson
0402 678 888

Trent Hobart
0433 196 452

Outlines indicative.
*approximately
**REIV September 2021