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SOLD

37 Paxton Street, MALVERN EAST, VIC 3145

Properties / Sold / Victoria / Malvern East

Development Approved

1. Property Summary

Property Type

Commercial, Residential

Land Area

780 m² (*approx)

Selling Method

Auction: Thursday 28th June 2018 at 2:30pm

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2. Property Highlights

ULTIMATE FLEXIBILITY: WHOLE BLOCK OF FULLY-LEASED FLATS + NEW PERMIT

The ideal investment opportunity to purchase a whole block of five (5) oversized Malvern-east flats that are fully-leased & income-producing and a clear refurbishment angle or potential rental uplift for value-add investors.

Plus massive development upside of approved permit for 10 high-end luxury apartments and alternative architectural concept for six (6) large, signature apartments.

 Direct street frontage to the idyllic tree-lined Paxton Street.

A location that suits families, young professionals, down-sizers & retirees being only a short walk to vast array of lifestyle amenities: Central Park (450m*), Malvern Road Retail Strip (600m*), St Mary’s Primary School (250m*), Darling Train Station (750m*).   

Exceptional Malvern East Median House Price Growth of 99%** in just the past five (5) years - almost over double the Melbourne average.

For sale via public on-site auction Thursday 28th June 2018 at 2:30pm

Open for inspections:

Wednesday 27th June 10.30-11.00am

Thursday 28th June - Open an hour before auction

For information please contact the sales and marketing to register your interest.

Nathan Mufale
+61 416 789 218

Chao Zhang
+61 411 625 068

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