The site was formerly home to an 1860-built, two-storey house built for leather merchant Patrick McFarland and his brother-in-law, saddlery business owner John McCrae.Nowadays, the site offers the opportunity to “either build a once-in-a-lifetime home or look at a number of residential outcomes, pending council approval,” Mr James added.Property records show the $2.1m record for a vacant East Melbourne block was set by 99 George St in 2021.
Mr Bourke said the block has the advantage of being located a two-minute walk from one of Melbourne’s premier sporting hubs. “It’s within walking distance of the MCG so there’s no need for any carparking and no running late to the ‘G,” Mr Bourke said.Mr Liu said the team had received inquiries about the site from Melbourne-based and interstate buyers.
“East Melbourne is a remarkable suburb, having retained its character and exclusivity, featuring historic homes and grand Victorian residences, art deco buildings, wide streets, and green spaces,” Mr Liu said.Sign up to the Herald Sun Weekly Real Estate Update. Click