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1448-1450 Malvern Road, Glen Iris, VIC, 3146

Properties / Buy / Victoria / Glen Iris

Tenanted Investment

1. Property Summary

Selling Method

Auction

Land Area

543 m² (*approx)

Floor Area

290 m² (*approx)

Property Type

Retail

Sub-type

Strip Retail

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2. Property Highlights

Double Up On Malvern Road

Desirable Inner Eastern Location
Existing Holding Income
Value Add Opportunity (STPA)

Fitzroys offer for sale a flexible freehold opportunity located at 1448-1450 Malvern Road, Glen Iris.

This rare offering is positioned within one of Melbourne’s most tightly held and highly sought after inner eastern suburbs, boasting:

- Exceptional location with immediate access to major arterials, public transport, retail and recreational options

- Rectangular shaped land parcel of 543sqm* with 11.9m frontage to Malvern Road and Bellman Lane to rear.

- 2 separate commercial tenancies totaling 290sqm*

- Current Income $126,894* per annum

- Zoned Commercial 1

- Situated near the intersection of Tooronga Road and within easy access to Citylink and supported by a strong demographic

- Invest, occupy or value add (stpa)

- The property is well positioned on Malvern Road and within a highly desirable location with a strong residential and commercial catchment. The current lease profiles provide an opportunity to occupier’s, investors and value add buyers to reposition, and value add to the offering (stpa).

*approx.

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