Kew 1 & 2/150 Princess Street

An extremely rare opportunity of 2 townhouses are being sold together, combining to offer a richly rewarding site (GRZ3) of 742 sq m approx. to develop 8-10 apartments over 3 levels, 3 to 4 tri-level townhouses or build your dream home, all with basement parking (STCA) OR simply renovate each townhouse and add value to invest or live in one of Melbourne's most sort after suburbs.

Across from leafy Willsmere Estate and an easy stroll to Willsmere Village cafes, Kew Junction retailers and some of Melbourne's finest private schools including Xavier College, Trinity Grammar and Methodist Ladies College.

Each townhouse is neatly presented with 3 bedrooms, 2 bathrooms, double auto garage and plenty of outdoor space, with a choice of a valuable lease-back option OR simply generate potential returns of approx. $90,000pa. Many choices exist for this rare opportunity for the astute purchaser.

Offer of guaranteed weekly returns with a generous lease back option Achieve a combined rental return of approx. $90,000pa from both townhouses Conveniences of Willsmere Village Shops approx. 650ms away Kew Junction, the heart of Kew, approx. 1.2kms away Renowned schools like Xavier College & Trinity Grammar School approx. 2kms away The renowned independent Methodist Ladies' College approx. 2.8kms away Kew Primary School approx. 1.1kms away Parklands with city views and the Yarra River approx. 1.1kms away Kew Private Golf Club approx. 2.5kms away Easy access to Eastern Freeway approx. 450ms away

In conjunction with:

Thomas Tregonning: 0413 317 304

Lucas real estate

Also visit the stand alone website at: www.150princessstreetkew.com

Terms: 10% deposit, balance 30/60/90 days

Land: 15.25m x 48.71m - 742 sq m approx.