1557 High Street,
Glen Iris, VIC 3146
Warehouse, Factory & Industrial
Price information
Sold
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Map of 1557 High Street
Development Land with Holding Income!
1557 High St and 18 Brixton Rise, Glen Iris. This exceptional parcel of land is in the heart of Glen Iris and has easy access to the Monash Freeway, Glen Iris train station, High Street tram and provides prominent exposure to affluent surrounding suburbs.
Sit back and enjoy the secure income while you decide what to do with this prominent parcel of prime Glen Iris land. With multiple street frontages to High Street and Brixton Rise and adjacent to parklands, this site is ripe for development.
The former Glen Iris post office is currently leased as a nursery and cafe, while the rear of the property is leased to 32 tenants providing a secure income with low exposure to long term vacancies.
•6,244m2 over two titles
•Residential 1 Zoning
•Total income of $270,274 p.a (approx.)
•32 tenants
•Secure income with a bright future
•Potential income of $350,000 when fully leased
Sit back and enjoy the secure income while you decide what to do with this prominent parcel of prime Glen Iris land. With multiple street frontages to High Street and Brixton Rise and adjacent to parklands, this site is ripe for development.
The former Glen Iris post office is currently leased as a nursery and cafe, while the rear of the property is leased to 32 tenants providing a secure income with low exposure to long term vacancies.
•6,244m2 over two titles
•Residential 1 Zoning
•Total income of $270,274 p.a (approx.)
•32 tenants
•Secure income with a bright future
•Potential income of $350,000 when fully leased
Additional information
External websites
Property ID: 5409707Last Updated: 18 Feb 2014
03 9629 88...
1557 High Street
Glen Iris, VIC 3146
Colliers - MelbourneLevel 30, 367 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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