Crabtrees Real Estate are pleased to offer for sale this highly desirable retail investment in a premier suburb.
The position is underpinned by a rapidly growing residential catchment with numerous high density mixed-use developments within the immediate surrounds.
The propertys features include:
+ Secure lease to an established tenant
+ Two level shop and dwelling
+ Outstanding location in the premier Malvern retail precinct
+ Main road site with over 6 metres of prime retail frontage
+ Under developed land to the rear
+ Total land area of 206sqm*
+ Rear laneway access
+ Commercial 1 Zoning (C1Z)
+ Future development potential (STCA)
+ Minutes to Freeway & Tooronga train station with the tram on your doorstep
+ Close to Tooronga Shopping Centre, Harold Holt Swim Centre & Cabrini Hospital
+ Rent: $48,000p/a NET plus outgoings
+ Term: 3 years from 15 July 2017
+ Further Term: 3 years
+ Reviews: Fixed annually and to market in July 2020
The property is in a highly desirable location, positioned within the heart of blue chip residential suburbs including Malvern East, Armadale, Toorak, Kooyong, Glen Iris, Ashburton & Camberwell.
The property is surrounded by quality boutiques and cafes with immediate access to numerous local schools.
For more details, please email agent