242-246 Glenferrie Road,
Malvern, VIC 3144

Offices • Shops & Retail

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A CORNER LOCATION TO BANK ON

Building area 298m²
Land area 259m² / Zoned Commercial 1
Returning $94, 327.44 net pa

GormanKelly is pleased to offer 242-246 Glenferrie Road, Malvern for sale by auction scheduled for Thursday 27th August at 12pm on-site.

Offered publically for the first time in 44 years, the property presents a fantastic opportunity to secure a fully leased prime corner investment with development potential.

- Two storey stand-alone office / retail premises;
- High profile corner location on busy Glenferrie Road;
- Building area 298m² with 4 onsite car spaces via Stanhope Street;
- Secure lease with options to long standing tenant Liston Landers;
- Currently returning $94,327.44 net p.a. plus outgoings;
- Suitable for Investors with future potential to develop (STCA);
- Land area 259m² / Zoned Commercial 1;
- Great location – public transport at the doorstep with Tram services on Glenferrie Road and a short walk to Malvern Railway Station (950m);
- Positioned in the heart of the prime trading precinct which is anchored by Coles, Commonwealth Bank, Westpac, ANZ, Optus, Australia Post, Dick Smith, Telstra, Nando’s, Flight Centre & Subway.