March 08, 2017

FIRST TIME OFFERED IN 65 YEARS

1392 Malvern Road, Glen Iris
AUCTION Thursday 6th April at 12 noon on site

 

FIRST TIME OFFERED IN 65 YEARS

A classic two-storey shop and residence at 1392 Malvern Road, Glen Iris is to be auctioned with vacant possession on site at midday on Thursday 6th April.  Situated in a tightly held shopping strip along a tram route, the property is close to Tooronga train station, the Monash Freeway, and Tooronga Shopping Centre.

Matt Nichols, Managing Director, says, “This is a prime piece of real estate, with retail shops of this quality being hard to find.  This one presents a great opportunity to purchase a lovely building in a great suburb.  Glen Iris had a median house price of $1.85 million in February, while average household incomes are well above the Melbourne average.  These factors highlight the suburb’s premium location and exclusivity.”

The building of approximately 151sqm is located on a site of around 232sqm.  With several original features, the property provides many options for the new owner and would suit a variety of businesses (STCA).  These include extending the retail shop, converting the residence into an office, and demolishing the rear garage off the rear laneway to add to carparking.

For more information, please contact Matt Nichols on 0418 186 488 or mattn@nicholscrowder.com.au

OPEN FOR INSPECTION:

            Wednesday 15th March, 1:00pm to 1:30pm

            Wednesday 22th March, 1:00pm to 1:30pm

            Wednesday 29th March, 1:00pm to 1:30pm

1392 Malvern Road, Glen Iris is being auctioned on site at midday on Thursday 6th April.

FOR FURTHER DETAILS CONTACT:
Matt Nichols
Nichols Crowder
358 South Road Moorabbin VIC 3189
9559 3888