54-56 Commercial Road,
Prahran, VIC 3181

Offices • Shops & Retail • Medical & Consulting

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HIGH PROFILE INVESTMENT WITH OPPORTUNITY TO REDEVELOP

Morley is pleased to offer this New York warehouse-style two level building in the heart of Prahran, with solid current income as well as an opportunity for apartment development (concept plans available). Public transport, Fawkner Park and Prahran Market are on your doorstep. This reliable investment has three leased spaces with long term tenants - a gym on the ground floor and two apartments upstairs.

• Land area: 230m2 approx
• Building area: 412m2 approx
• Income generating $107,807 per annum (approx.)
• Potential to purchase the property with the upstairs area vacant
• Front and rear access
• Highly advantageous Residential Growth Zone 1

Property profile and video link available.

Andrew Morley
0418 319 4...
amorley@morleycommercial.com.au

Property ID: 503476786Last Updated: 12 Aug 2021

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