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54-56 Commercial Road, PRAHRAN VIC, 3181

Sold
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Property Sold in 54-56 Commercial Road, PRAHRAN VIC, 3181

Morley Commercial

Level 4, Building 5, 658 Church Street, Richmond, VIC 3121

Listing ID:
11377452
Status:
Sold
Last Updated:
17/11/2020
Price:
Contact agent
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Property Type

Offices/Retail/Medical/Consulting
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Land Area

230 SQM
Icon size

Floor Area

412 - 412 SQM
Icon parking

Parking

N/A

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.

Tom Larwill
0411 326 165
tlarwill@morleycommercial.com.au

Andrew Morley
0418 319 443
amorley@morleycommercial.com.au

For more details, please email agent

Morley Commercial

Level 4, Building 5, 658 Church Street, Richmond, VIC 3121


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