Stable investment on the market in Ascot Vale
No Melbourne Cup winner has ever graced these humble Ascot Vale stables. Otherwise there might have been heritage listing claims for the 526-square-metre holding just a short gallop from Flemington Racecourse.
Instead the potential residential development site has been listed with $750,000-plus hopes for November 12 auction through Nada Pali at McLeod Real Estate The Professionals.
“A rare opportunity exists to turn these horse stables into residential studios, build three or four townhouses subject to council approval or re-develop to your creative flair and vision,” Pali says. “There are no heritage restrictions with residential 1 zoning.”
It’s been listed by the Lawson family, who have owned the property for more than 60 years. Trainer Alec Lawson’s stable included Gay Filou, the Toorak Handicap winner at Caulfield in 1962.
