19-21 High Street,
Glen Iris, VIC 3146

DEVELOPMENT OPPORTUNITY WITH SHORT TERM INCOME

Development opportunity with short term income situated within highly sought after location. Quality scheme designed for a 4 level mixed use development close to shops, transport (Glen Iris train station approximately 750m), parklands and schools. Easy access to Melbourne CBD via Monash Freeway (entrance approximately 650m).

•Land Area: 459.5sqm*
•Building Area: 210sqm*
•Frontage to High Street: 10.82m*
•Second street frontage at rear
•Zoning: Commercial 1
•Short term income

*approx

Due Diligence material available to the successful purchaser includes;

•Relocation Survey - Completed March 2014
•Demolition Permit - Approved
•Asbestos Audit - Completed
•Soil Test - Completed
•Preliminary Engineering Reports
•Traffic Report - Completed
•Waste Management Report - Completed

19-21 High Street, Glen Iris is located on the northern side of High Street near the corner of Glen Iris Road. The property is located approximately 12km* south-east of the Melbourne CBD within the municipality of the Boroondara City Council. High Street is a major arterial thoroughfare that runs from Prahran through to Ashwood.

Due to the constant stream of traffic and as one of the region’s main thoroughfares, properties situated alongside High street, Glen Iris receive ample exposure. The locale in which the property is positioned is a well-established retail strip, strongly supported by the dense surrounding residential catchments and steady stream of passing motorists and foot traffic. The property is within walking distance to Glen Iris Train Station and only 500m from Monash Freeway.

Prospective purchasers may wish to view the Consumer Affairs Victoria Due Diligence checklist available here: http://www.consumer.vic.gov.au/housing-and-accommodation/buying-and-selling-property/checklists/due-diligence