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71 Mathoura Road, Toorak VIC 3142
10/10 Intergenerational Investment: ten one-bedroom units on 811sqm (approx.)
Some opportunities only come once in a lifetime, but the best opportunities take generations to arrive again. 71 Mathoura Road is one of those generational chances to secure some 811sqm of land, set between two of the best villages in Melbourne. To the north, Toorak Village and all it offers is just 400m away, and if you fancy a change, turn around to Hawksburn Village which is just 450m to the south. Taking your pick between these two prime shopping precincts is, of course, just the beginning. Standing proudly upon this perfectly positioned block is a solid building of ten one-bedroom apartments, currently returning approximately $121,940. The best things in life are always uncomplicated, and the simple floorplans, parking at the rear and courtyards for the ground floor units all compliment a proposition that is so easy to see value in. Simply purchasing the property "as is" and collecting the returns would be enough, but for those with a project and delayed gratification in mind – the opportunities are endless (STCA). The northern boundary, set on the corner of Gordon Street, offers scope to capture plenty of that northern sunshine, while the lane at the rear provides for incredible access. A leafy position in one of the most in-demand pockets of Toorak is something that most would love to have the capacity to afford; those that can… shouldn't hesitate. Whether your appetite is to purchase and hold, refurbish and maximize or completely redevelop – subject to council approval this gem offers all three.
