1-16/325 Dandenong Road, Prahran, Vic 3181

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Block Of Units
Type
30
Bedrooms
16
Bathrooms
16
Parkings
2,185 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 1-16/325 Dandenong Road, Prahran, Vic 3181)

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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A substantial and versatile landholding in Prahran offering immediate income, historic charm, and significant redevelopment potential.

🏡 Property Highlights

  • Prime 2,185 sqm landholding with immediate income potential
  • Diverse apartment portfolio with 16 apartments and 41 bedrooms
  • Historic Arts and Crafts style Kelvin Mansions with high ceilings and ornamental details
  • Additional modern and interwar style apartment blocks offering spacious living
  • Excellent location near Chapel Street, High Street, and Prahran Market
  • Strong rental returns with scope for redevelopment or repositioning (STCA)

✨ Key Features

  • Open-Plan Living
  • Balcony
  • Built-in Robes
  • Ensuite
  • Outdoor Area
  • Ceiling Fans
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)

Prahran is a vibrant Melbourne suburb renowned for its eclectic mix of shopping, dining, and entertainment options. It offers excellent connectivity via tram, bus, and train services, making it ideal for tenants and residents. The area boasts a rich history, diverse architecture, and a lively community atmosphere. Proximity to major amenities, parks, and educational institutions enhances its appeal. Prahran continues to attract investors seeking both lifestyle and growth opportunities.

What is the current condition of the apartments and buildings?
The apartments and buildings are well-maintained, showcasing historic architectural features with modern updates where applicable.
Are there any planning or development restrictions on the site?
Development potential is subject to council approval (STCA), and any restrictions or easements should be verified with local authorities.
What are the rental yields and current income from the property?
The property currently provides strong rental returns from the 16 apartments, with potential for increased income through repositioning or redevelopment.
Is the property suitable for redevelopment or subdivision?
Yes, the large landholding offers significant scope for redevelopment, repositioning, or subdivision, subject to council approval.
What amenities and transport options are nearby?
The property is conveniently located near Chapel Street, High Street, Prahran Market, tram lines, buses, Armadale Station, and major hospitals and universities.
Are there any hidden costs or upcoming maintenance requirements not disclosed? Has the property been affected by any zoning changes or planning proposals? Are there any easements, covenants, or restrictions on the land? What is the history of the property's compliance with building codes? Are there any known issues with the buildings' structural integrity or services? Is there any ongoing or planned nearby construction that could impact the property? What are the strata or body corporate arrangements, if applicable? Are there any flood or bushfire risks associated with the land? What are the total costs involved in potential redevelopment or repositioning? Are there any existing or pending planning permits or approvals?

1-16/325 Dandenong Road, Prahran, Vic 3181 - More Details

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Type
Block Of Units
Bedrooms
30
Bathrooms
16
Parkings
16
Area
2,185 m²

Price guide

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