155-157 Derby Street, KEW VIC 3101

Auction Spectacular | Thursday 16th February 2012 from 11am Venue | Grand Hyatt Melbourne Inspection by Appointment Only. A unique opportunity exists for a shrewd investor wanting to capitalise on a central location moments from every possible necessity. It boasts a double block of 847.1m2 approx with a wide frontage, deep backyard and is the ideal property for redevelopment. An exciting prospect it is perfect for a boutique complex of two or more townhouses (Subject to Council Approval) or could also be revitalised into a private masterpiece. Flooded with natural light, the property currently consists of two separate villas each featuring a spacious living area and a basic eat-in kitchen. There are two bedrooms in each with one original bathroom and an additional sleep-out area towards the rear. Each villa also features a double garage that can easily accommodate up to four cars, lower level cellars and plenty of storage space throughout. Positioned right near the heart of Kew Junction, this property is tenanted and is merely footsteps from transport, schools, shops and parklands.