50 Bruce Street
Toorak, VIC 3142

Overview

50 Bruce Street, Toorak

This exceptional property presents a remarkable opportunity for developers and discerning buyers alike. Situated on a prominent corner block of 556 square meters, the site benefits from rare side and rear lane access, enhancing its redevelopment potential. Approved plans and permits are in place to construct three architecturally designed luxury apartments, each occupying an entire floor and oriented to the north to maximize natural light and views.

The proposed apartments range in size from 280 to 300 square meters, offering spacious and elegant living environments. Each apartment includes four basement car parking spaces, ensuring ample accommodation for residents and guests. The property features a generous frontage of 13.67 meters and extends to a depth of 38.7 meters, providing a substantial footprint for the development.

Located in the heart of Toorak, this site is just meters from the vibrant Toorak Village and the tranquil Como Park. The location offers unparalleled access to some of the area's finest educational institutions, public transport options, boutique shopping, and a diverse hospitality precinct. This combination of location and development potential makes the property a rare and valuable asset in one of Melbourne's most prestigious suburbs.

Toorak itself is renowned for its spacious, green, and glamorous environment, historically favored by Melbourne's elite. The suburb offers a lifestyle of comfort and prestige, with a community that values quality living standards and exclusivity. This property embodies the essence of Toorak living, providing a unique canvas to create a dream home or a lucrative development project.

Whether you are a developer seeking a prime site with approved plans or a buyer looking to build a bespoke residence in a coveted location, this property offers an exceptional proposition. The combination of size, location, and planning approvals presents a rare chance to secure a foothold in Toorak's luxury property market.

In summary, this property offers:

• A substantial 556 square meter corner block with side and rear lane access.
• Approved plans and permits for three luxury north-facing apartments.
• Apartment sizes ranging from 280 to 300 square meters, each with four basement car parks.
• A generous frontage of 13.67 meters and a depth of 38.7 meters.
• Proximity to Toorak Village, Como Park, top educational institutions, public transport, boutique shopping, and hospitality precincts.
• An opportunity to develop or build a dream home in one of Melbourne's most prestigious suburbs.

This property represents a unique blend of location, size, and development potential, making it an outstanding opportunity for those seeking to invest in or create a luxury lifestyle in Toorak.

Location