704 Toorak Road, Malvern

Superbly positioned in a central location with highly sought after secondary schools nearby, this beautifully elevated site offers amazing opportunities on 1,449 sqm (approx.). The original home (circa 1916) Wombalana offers a charming Bungalow style spacious family home comprising 4 bedroom accommodation, formal study or 5th bedroom, charming lounge and adjoining dining room along with stunning living room with feature fireplace. The home offers rooms of grand proportions throughout its free flowing floorplan starting with a welcoming wood paneled entrance foyer and continues through the home with stunning polished boards, high ceilings through the spacious sitting, living and dining rooms. The country style kitchen is well appointed offering twin ovens with butler's pantry and scullery. The well positioned sunroom offers a retreat for younger family play/TV areas with excellent connectivity to the main entertaining areas. The home also features a large sunny terrace which has direct access from the spacious main bedroom featuring walk in robes and ensuite bathroom. Numerous features include oak flooring, open fireplaces, hydronic heating, air conditioning, generous basement cellar, security intercom, direct access from remote double garage and auto gates. Situated conveniently within walking distance of Robert Menzies Reserve, Kooyong Tennis Club, Toorak and Glenferrie Road tram servicing numerous leading schools and Monash Freeway entry for weekend escapes to Mornington Peninsula attractions or easy access to the CBD. Alternatively, the site offers the opportunity to rework the land to its highest and best use. The heritage facade belonging to the existing home is able to be moved forward to a new set back of 11.6 metres from Toorak Road (currently it has a 24.2 metre setback) and then reworked into a more economical home with huge scope to build another generous quality home or several stunning townhouses on the remaining land (STCA). Here exists the opportunity of a lifetime for an astute developer to maximise the 1,449 sqm land size to its absolute potential and build highly sought after homes in one of Melbournes premier locations within walking distance to Kooyong station, Glenferrie and Toorak Road trams, St Catherines, Scotch College, Xavier College and St Kevins College.