40 Olinda-Monbulk Road, Olinda, Vic 3788

This grand period guesthouse nestled steps from Olinda village and the esteemed Dandenong Ranges Botanic Garden is a once-in-a-generation opportunity.  Boasting a level 3-acre allotment with circular drive that could become a manicured masterpiece of landscaping, this incredible property will align imaginations with ideas.

Historic “Taralye” was quality constructed circa 1940 as a retreat for discerning travellers.  Adorned with 10 bedrooms, each with high ceilings and hand basins, and Ladies and Gents bathrooms with separate powder rooms, this landmark property could be reinvigorated as a tourist destination or reimagined into a luxurious family residence.

For gathering, there is an expansive glass-fronted foyer with timber floors, a cosy sitting room with wainscotting, and an upper level retreat with arched window.  The primary living zone, dining area, and blank canvas kitchen foreshadowed modern expectations with its sprawling open concept layout.  The large wood fire and period elements throughout are ripe for refurbishment to their former glory.

Brimming with inspiration and opportunity, this is an investment not to be missed.  Prompt inspection is recommended.

•	Incredible opportunity to restore historic “Taralye” guesthouse or redevelop into a dream home (STCA)
•	Rare, centrally situated level 12,127sqm (approx.) allotment
•	Wide, inviting glass-lined foyer 
•	Expansive open plan kitchen, dining, and living area with wood fire
•	Separate sitting room and upper level retreat
•	10 generous bedrooms with high ceilings
•	Ladies and Gents bathrooms plus powder rooms
•	Circular drive and garden sheds.