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23-25 Sandham Street, Elsternwick

$11,500,000

A rare find: 3800m² of land for a visionary north-facing development

Seize an exceptional opportunity to own a sprawling 3800-square metre (approximate title measurements) parcel of land with a coveted north-facing aspect. This extraordinary proposition, on the market for the first time in nearly a century, presents a legacy property held by a single family throughout its history. Encompassing seven residences, the possibilities are boundless. At number 23, the collection of Art Deco dwellings includes one three-bedroom home, three two-bedroom homes and one single-bedroom home, each with a bathroom. Number 25 presents two classic residences, one featuring four bedrooms and two bathrooms, and the other showcasing four bedrooms, a bathroom and a separately accessed granny flat adding a fifth bedroom and second bathroom to the mix. Currently, the comfortably appointed homes offer immediate rental yield, but the true value lies in the exciting development prospects and the capacity for transformation. Envision erecting a modern, luxury boutique complex (STCA), to take full advantage of the prestigious position that's merely steps away from Elsternwick Village, with its train station, tram lines, shops, dining, bars, and Classic Cinemas. Whether renovating the current structures or undertaking a comprehensive development, this site is an exceptional canvas for the discerning developer. Such expansive and promising opportunities are exceedingly rare. This is a once-in-a-lifetime invitation to leave an indelible mark and shape the future of an exclusive neighbourhood. - Unique approx. 3800m² parcel of land with north-facing orientation - Historic first-time offer, nearly a century single-family ownership legacy - Sprawling estate features seven homes, a testament to timeless charm - Five Art Deco gems of various sizes at Number 23 - Number 25 showcases two classic homes, one with self-contained granny flat - Ready rental yield with comfortable, well-appointed existing structures - Close proximity to transport, shopping, dining, and cinemas - Renovate or rebuild (STCA), an exceptional canvas for discerning developers - Once-in-a-lifetime opportunity to shape an elite locale's future

Sales Associate
Principal
Property information
Property ID
222P472407
Property type
Land
Land size
3800.0 sqm

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Thank you for your interest in 23-25 Sandham Street, Elsternwick VIC 3185. To receive a copy of the contract via email, please fill in your details below.

 
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Get to know the area

No longer just for those in the know, charming Elsternwick has quietly evolved into a trendy, culturally-diverse neighbourhood complete with a buzzing shopping, café and dining scene. Family friendly, pet friendly and just plain friendly full stop. It’s no surprise that people are lining up to join this affable community.

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