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1396-1402 Malvern Road, Glen Iris, Vic 3146

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SOLD

1396-1402 Malvern Road, Glen Iris, Vic 3146

Properties / Sold / Victoria / Glen Iris

Development Approved

1. Property Summary

Property Type

Mixed Use

Land Area

1,510 sqm (*approx)

Selling Method

SOLD: Closing Thursday 27th April at 3pm

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2. Property Highlights

SOLD!

Best Of Both Worlds

A property that delivers on the best of both worlds with an approved mixed use permit as well as existing improvements that allow for refurbishment. Situated in the heart of a desirable retail strip on the fringe of Malvern and Glen Iris, sites of this high calibre rarely arise.

• Mixed Use Planning Permit approved with approximately 3,126m² of project NSA
• Three existing adjoining buildings of approx. 1,815m²
• Site area of approx. 1,510m² with three street frontages
• Holding income of approx. $390,000 per annum
• Potential to reconfigure plans to deliver on higher end ultra-luxurious large apartments
• Highly sought after corner location
• Situated in the heart of thriving retail strip
• Surrounding median house price of approximately $2,000,000
• Fantastic public transport amenity with the number 72 tram out the front and Tooronga Train Station just a short walk away
• 7 kilometres from the CBD via Monash Freeway
• Close proximity to key shopping precincts such as the Tooronga Shopping Centre, Glenferrie Road shopping strip including Malvern Central

Colliers International

Jeremy Gruzewski
0422 211 021

Ben Baines
0438 328 407

Link Property

Cynthia O'Gorman
0410 720 188

Sheree Gibbs
0438 442 040

Remember to mention you found this property on DevelopmentReady

Development Approved