Two Storey Apartment Building Sold Allowing for Residential and Commercial Development

Gorman Commercial’s Stephen Gorman and Jonathon McCormack sold 350 Malvern Road, Prahran, a two storey building comprising two residential apartments on mixed use zoned land of 400 sqm approx. allowing for premium residential and commercial development (STCA) at auction for $2,520,000 on a 2.2% yield.