- Premium development opportunity
- Office or residential development
- Two street frontages
Description
Gorman Allard Shelton is pleased to offer 421, 423–425 Malvern Road, South Yarra for sale by way of Expressions of Interest closing on Thursday 15th September at 2pm.
This is a rare opportunity to acquire a premium development opportunity for either a boutique office or premium residential development on a main street location.
Key property features comprise:
* Two titles with a land area of 966 sqm approx.
* Short-term Income $200,194 pa net net
* Exceptional site with two street frontages:
– Malvern Road - 24.19 metres approx.
– McKillop Street - 24.10 metres approx.
* Zoned: Commercial 1
* Settlement: Vendor terms, up to two years are available
One of the last remaining development sites on the northern side of Malvern Road, South Yarra.
Located on the north side of Malvern Road near the corner of Hobson Street with rear access via McKillop Street approximately 200 metres west of the intersection with Williams Road.