Rare Prahran Corner Site with Exceptional Potential
Positioned on a prominent corner allotment in one of Prahran’s most sought after locations, 160-162 Punt Road presents an outstanding opportunity to secure a substantial landholding of approximately 492sqm with significant upside for investor, renovators and developers alike (STCA). The property comprises four separately configured apartments, each offering two bedrooms and one bathroom, providing a range of value-add possibilities for future short term and long term improvements. At the rear of the property, a double garage is complemented by additional off street parking, a highly desirable feature in this tightly held inner city precinct. This section of the property also offers development opportunities (STCA) for an additional dwelling. While the property is currently occupied, the building and individual apartments require extensive refurbishment and renovation. This presents purchasers with an opportunity to re-imagine, restore or re-purpose the asset to maximise future potential. Located just moments from Chapel Street, public transport options including trams, buses and trains, parklands and Melbourne’s premier lifestyle amenities, this is a rare chance to acquire a substantial corner site in a blue-chip Prahran location.
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