1-5/39 Ross Street,
Toorak, VIC 3142

Held by the same family for over 60 years, this exceptional offering is one of Toorak Village’s few remaining opportunities of scale, with options to land bank, renovate and add value or develop (STCA) on a substantial 974sqm (approx.) land holding. Comprising five solid brick, two storey townhouses, each residence features two bedrooms, two bathrooms, including an ensuite to the primary, well presented kitchens and spacious living zones opening to north facing gardens. Together with five garages and a strong annual rental return, the property offers immediate income with outstanding future upside. Occupying a prime north-west oriented allotment, the property is ideally positioned steps from Toorak Village’s prized retail precinct, home to the recently opened St Germain development and Orchard Piper’s forthcoming luxury development One Toorak Place. With no heritage overlay there is considerable opportunity to create a landmark luxury apartment or townhouse development or a prestige single residence (STCA). The location is unmatched, with Hawksburn Village a short walk away, Toorak Road trams and Toorak train station close by, and proximity to Melbourne’s leading private schools including Geelong Grammar, St Catherine’s, Loreto Mandeville Hall and Scotch College. Royal South Yarra Lawn Tennis Club, Como Park and Yarra River trails are accessible within minutes. This is an extremely rare chance to secure a generational holding in Melbourne’s most prestigious suburb, an investment in both position and potential, with immediate returns and an exciting future.