1-5/274 Barkers Road
Hawthorn, VIC 3122

This exceptional property is magnificently situated on a prime allotment of approximately 1530 square meters, comprising five solid brick mid-century apartments. This offering represents a rare and valuable opportunity for investors, developers, or those seeking to add a rewarding asset to their portfolio. The property can be held for immediate rental income, used as a landbank, or redeveloped into luxury boutique residences, subject to council approval (STCA). There is also potential to enhance capital value and rental returns through straightforward refurbishment.

Each apartment is a three-bedroom, double-storey residence, showcasing mid-century architectural design elements. The spacious living rooms open onto private, north-facing courtyards, providing a bright and inviting atmosphere. The well-appointed kitchens and dining areas flow seamlessly to a second courtyard, which grants access to a double garage for convenient parking.

Upstairs, the residences feature two or three bedrooms, with the main bedroom benefiting from a dual-access bathroom or ensuite. Additional amenities include reverse cycle air-conditioning, a powder room, and a separate laundry, ensuring comfort and functionality throughout each home.

Located in a highly sought-after blue-chip area, the property is perfectly positioned for an easy walk to Glenferrie Road's shops and restaurants, Glenferrie Station, tram services, and leading schools. This is a once-in-a-generation opportunity to secure a significant asset in an elite location, offering versatility and strong future potential.

• Prime 1530sqm approx. land holding
• Five solid brick mid-century apartments
• Three-bedroom double-storey residences
• Generous living rooms opening to private north-facing courtyards
• Well-equipped kitchens and dining spaces flowing to second courtyard
• Double garage access from courtyard
• Two or three bedrooms upstairs with dual access bathroom/ensuite
• Reverse cycle air-conditioning, powder room, separate laundry
• Immediate rental income with refurbishment potential
• Opportunity for redevelopment as luxury boutique residences (STCA)
• Walking distance to Glenferrie Road shops, restaurants, station, trams, and schools

This property offers a unique combination of immediate income, redevelopment potential, and a prestigious location, making it an outstanding opportunity for discerning buyers.