A lucky family is set to bank about $12 million selling a portfolio of four standalone, neighbouring homes, in exclusive Hawthorn East.
The 3460 square metre battleaxe shaped holding – being marketed as the Anderson Hill Collection – includes 6, 8 and 10 Tourello Avenue, and 9 Myrniong Grove.
Near Anderson Park and Auburn South Primary School, the properties are available in one line “or in any combination”, according to the marketing agents, Savills’ Julian Heatherich and Benson Zhou with Marshall White’s Hamish Tostevin and Duane Wolowiec.
The Anderson Hill Collection blocks could make way for a major townhouse project.
Alternatively, a builder might retain the four lots in their current configuration – but renovate and extend existing red-brick homes.
Replacing the blocks with four contemporary mansions could be another development outcome.
“The [vendor] family bought the first of the four homes during the Melbourne Olympic Games in 1956,” Mr Heatherich said.
“They loved the area so much that in the years that followed, they…bought three more neighbouring homes, one which has since been subdivided.”
Mr Heatherich said the “highly sought after and affluent inner-eastern” location” would be a key selling point throughout the campaign. The broker described the property as “a one of a kind development opportunity given its unprecedented scale”.
“The properties are exceptionally well serviced by a wide array of retail amenity, including Camberwell Junction and Tooronga Shopping Centre,” Mr Heatherich said.
“There is immediate proximity to Melbourne’s renowned elite education institutions, including Scotch College and St Kevin’s College.”
Last week we reported, exclusively, that Newmark Capital was paying Stockland about $64 million for the Tooronga Village shopping centre, not far from the Anderson Hill Collection portfolio,
In 2017, barrister Stuart Morris listed a development super-site in Ivanhoe East which was, like Anderson Hill Collection, made up of standalone residential homes on neighbouring blocks, acquired over time (26 years).
Mr Morris sold that Z-shaped block, 14 properties on land totaling 1.5 hectares, to a townhouse developer, for about $30 million.