1 Camira Street

Malvern East VIC 3145

Stop shopping around! This is the broadly appealing Chadstone-precinct opportunity you've been looking for. Hidden away on a leafy low-traffic street adjacent the shopping centre, this substantial property unfolds beyond a sweeping approx 19m frontage with a classic period home, a bonus second dwelling ...and approx 836sqm land zoned for multi-level, multi-residential use (Subject to Council Approval).
Maximise this wide frontage with multiple streetfront homes or a multi-level apartment group to capitalise on this lifestyle location within a walk of Chadstone's retail, entertainment, hospitality and business hub. An easy commute to the CBD via the nearby M1 and Dandenong Road, this high-amenity position has Holmesglen Institute and station within walking distance, and Oakleigh's Eaton Mall within a minute. Maybe even keep this prime position all to yourself with a great family estate close to parklands (including Caloola Reserve), and schools (including Oakleigh and Salesian Colleges).
But don't overlook the value in the three bedroom two bathroom Californian Bungalow-era home and one bedroom rear unit already here. Impeccably maintained with a huge eat-in kitchen plus second kitchen in self-contained unit, vast all-weather al fresco area, and four covered car spaces (in a double carport plus double garage), this adaptable accommodation provides an excellent home base ...or base for renovation. Alternatively, let this well-presented gas-heated home and separate unit provide dual rental streams until it's time to break ground on a multi-home project!