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

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

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

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Block Of Units

Type

Bedrooms

Bathrooms

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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Grant Samuel - Real Estate Agent - Kay & Burton - Stonnington

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Darren Lewenberg - Real Estate Agent - Kay & Burton - Stonnington

Darren Lewenberg Director

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AI Property Insight

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)

Suburb and Property Insights of Prahran, VIC 3181

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.

Frequently Asked Questions

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.

What to ask about this property to agent?

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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Delivering immediate income with exceptional future upside, this magnificent 2,185 sqm (approx.) landholding presents a remarkable opportunity in a prime position.

Currently home to three apartment blocks collectively housing 16 apartments and 41 bedrooms, each with off-street parking, the property offers strong rental returns alongside outstanding scope to enhance, reposition or redevelop (STCA). An enticing prospect for investors, land bankers or developers alike, the possibilities here are as exciting as they are extensive.

Set amid established leafy gardens, the front building, Kelvin Mansions, is set back from the street and showcases magnificent Arts and Crafts and revival style influences of the interwar period. The three-level block comprises six generous two to three-bedroom apartments, each defined by high ceilings, decorative cornices and ceilings, ornamental detail throughout and spacious living and dining domains with well-appointed kitchens.

At the rear, accessed via Karbarook Avenue, a second modified Interwar building offers four substantial three-bedroom apartments, each enriched by bay windows, decorative cornices and ceilings, original fireplaces and similarly generous proportions.

Centrally positioned and completing the impressive mix of accommodation lies a more contemporary block comprises six spacious two-bedroom apartments with open-plan living.

Moments from Chapel Street, High Street, Glenferrie Road, Hawksburn Village and Prahran Market, and close to trams, buses, Armadale Station, Cabrini Hospital and Monash University’s Caulfield campus, this is a rare opportunity to secure a substantial landholding with immediate income and exceptional long-term potential.

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

Price guide

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Email Enquiry To Kay & Burton - Stonnington

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

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