1-6/149 Nelson Road, South Melbourne

Subscribe to regular market updates. Positioned moments from St Vincent Gardens, Albert Park Village, South Melbourne Market, city-bound trams and the beach, this rare holding of 423sqm (approx.) combines flexibility today with clarity for tomorrow. Retain the existing 6×1 configuration for secure holding income while you finalise builder engagement and finishes; or proceed with the approved permit and endorsed plans for a substantial multigenerational living single residence of scale and privacy in a true blue-chip setting. An investment block of apartments (6×1) or a substantial block of land in an amazing central location with approved permit. This offering presents a unique opportunity to acquire a single block of land with a key advantage: an approved permit for a single dwelling. In addition, this is not just land; it is an immediate, turnkey revenue generator, currently configured as 6 × one-bedroom apartments that can earn revenue from day 1. The approved permit provides a clear path to build your dream home (STCA) in an ideal beachside locale, with scope to construct a substantial single residence in line with the endorsed plans. Plans and permit documentation are available on request. Purchasers are advised to rely on their own enquiries regarding approvals, services and dimensions. Albert Park Primary School Bridport Street Albert Park 62 Pickles Street Albert Park 83 Danks Street Albert Park Montague Continuing Education Centre 100 Montague Street South Melbourne 40 Bay Street Port Melbourne Victorian College Of The Arts Secondary School 57 Miles Street Southbank Port Melbourne Primary School 415 Graham Street Port Melbourne Middle Park Primary School Richardson Street Middle Park Mac Robertson Girls High School 350-370 Kings Way Melbourne Melbourne Grammar School Melbourne Grammar School Domain Rd Melbourne New Generation College Level 6 152-168 Elizabeth Street Melbourne The Meridian International School 196 Flinders Street Melbourne 399 Lonsdale Street Melbourne Melbourne Girls Grammar 86 Anderson Street South Yarra Christ Church Grammar School 677 Punt Road South Yarra Level 3 - 169 Swanston Street Melbourne South Yarra Primary School 601 Punt Road South Yarra DOXA School West Melbourne 300 Rosslyn Street Melbourne West St Kilda Park Primary School 68 Fitzroy Street St Kilda 168 Exhibition Street Melbourne Simonds Catholic College 273 Victoria Street Melbourne West Holmes Secondary College 185 Spring Street Melbourne Melbourne High School Forrest Hill South Yarra 6 Prince Patrick Street Richmond St Michael's Grammar School Richmond Primary School Brighton Street Richmond Windsor Primary School Presentation College Windsor 187 Dandenong Road Windsor Carlton Gardens Primary School