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233 Glenferrie Road, Malvern
auction
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Secure Retail Investment – First time offered in 40 years
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Gorman Commercial is pleased to offer 233 Glenferrie Road, Malvern for sale by way of public auction on Wednesday 27th May at 12:30pm on-site.
Offered for the first time in 40 years, the property presents an excellent opportunity for buyers to acquire this securely leased tenanted investment situated within one of Melbourne’s most sought after retail shopping strips.
The key highlights are:
- Income: $68,851 pa + GST + Outgoings
- Versatile two-level freehold premises currently being utilised as a restaurant.
- Rear access and dry storage area plus secure on-site parking
- Quality landholding of 225sqm
- Prominent 6.5+ metre frontage providing flexibility and future development upside (STCA)
- Situated within the heart of the vibrant and highly affluent Glenferrie Road, Malvern location.
- Within 50 metres to 3 large council car parks providing substantial car parking for customers.
- Leased to established and well renowned local Thai restaurant, Nakorn Thai, with an exceptionally high google review rating of 4.6 stars from 457 reviews.
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Listing Highlights
- Income: $68,851 pa + GST + Outgoings
- Quality landholding of 225sqm
- Prominent 6.5+ metre frontage
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