A whole block of 4 art deco apartments at 120-122 Park Street, South Yarra is being brought to market by Stonebridge agents Dylan Kilner, Julian White & Shawn Luo in conjunction with RT Edgars Max Ruttner. The property is located in South Yarra’s esteemed Domain precinct and is opposite Domain Road providing direct views of the Royal Botanical Gardens.

The Art Deco building that occupies the corner site, which has been owned by the same family since construction in the early 1900s. The building known as Wilton House has 4 traditionally oversized art deco apartments, all of which are on short-term leases offering investment potential, with scope to modernize or re-develop (STCA).  

“Many early buyers enquiries are undertaking investigations to reposition the building to a whole home or two whole floor apartments. Noting the proximity to Domain Road, some groups are making enquiries with town planners about converting the building to a restaurant or even an office” Said Dylan Kilner

“From a residential standpoint, I have already been on the receiving end of enquiry from the downsizer prestige market. Many families who sell out from their larger family home and want to scale down into a boutique property in the best part of South Yarra surrounded by all types of amenity” Said Max Ruttner

The property is located in a highly sought-after Domain Precict which is home to the Royal Botanical Gardens, Domain Road retail and Hospitality Mecca and some of Melbourne's most prestigious homes.

"Rarely to such properties come to the market, it could be another 100 years before this building is available for sale again" Said Dylan Kilner.

The property has 3 car parks on the title on a rear surplus land portion of the property, a rare commodity within this precinct of South Yarra

120-122 Park Street, South Yarra is being sold by public onsite auction, Saturday 28th October 2023 at 10.00am (AEDT).

*Approximately

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.