1-4/27 Leopold Street, South Yarra VIC 3141

AAA and elegant Art Deco freestanding building with wide double frontage of 12.2m approx. is located in South Yarras most coveted location between Fawkner Park and the Royal Botanic Gardens on the edge of the Domain Village. Currently configured as 4 x 2 bedroom apartments with Plans and NOD ready to rebuild into a luxury 44 sq (approx.) residence with basement car parking. This property offers multiple and flexible options with upside – a blue chip land holding of 305sm2 (approx.) with cash flow and a rare redevelopment opportunity in the tightly held Domain Precinct. Meticulously reimagined by Latitude 37, the proposed residence boasts basement parking, a north-facing courtyard with a plunge pool, and masterfully planned living spaces bathed in natural light. The opulent master suite features pool views and a luxurious ensuite. The charming apartments currently offer a substantial annual return of approx. $70,000 on month to month tenancies, this blue chip investment offers a seamless blend of prestige and profitability as you await the commencement of construction.