141/115-117 Grey Street

East Melbourne VIC 3002

An extraordinary opportunity awaits on one of Melbournes most iconic corners, with two landholdings crowned by a distinguished bluestone Georgian residence dating back to approx. 1854. Adjacent to Powlett Reserve and steps from the magnificence of Fitzroy Gardens, this historic property presents the foundation for an architectural masterpiece. Offering both immediate potential and long-term scope, the property at 141 Powlett Street includes a solid-brick period building comprising four apartments, presenting the possibility for rental income while plans are drawn for a luxurious redevelopment. With dual access via Grey Street, the substantial landholding allows for limitless creativity, affording the scope to shape a truly remarkable residence that will stand as a testament to refined living.Positioned at the nexus of Melbournes prestigious inner city, this address is surrounded by the citys finest cultural landmarks. A leisurely walk through Fitzroy Gardens takes you to the Spring Street precinct, while Jolimont Station, the MCG, Yarra Park, and renowned private schools are mere minutes away. Rarely does such an opportunity arise in this highly sought-after enclave. Land size: 679sqm approx.Presented in conjunction with Sean Cussell from Christies International Real Estate Victoria - 0425 787 979.