GormanKelly is pleased to offer 1626 High Street, Glen Iris for sale by auction on Wednesday 23rd March at 12pm onsite.
A fantastic opportunity to secure an entry level commercial property within a well-established and regarded location on the doorstep to the Monash Freeway/Citylink with great upside or potential to owner occupy.
We believe the most outstanding aspects of this property include:
- Ground floor retail/office premises of 115m2 with rear onsite parking
- Securely leased to tenant trading as Australia Post, returning $24,720 net per annum plus GST and outgoings
- Suitable for Investors with future potential to develop (STCA)
- Land area 176m² / Zoned Commercial 1
- Great location – trams on High Street and only a short walk to Glen Iris Railway Station
- Easy access to the major arterials such as High Street, Wattletree Road, Princes Highway and the Monash Freeway
- Located only 2.4km’s from Stockland Tooronga, anchored by Coles and home to names such as Bakers Delight, First Choice Liquor & Flight Centre
- Close proximity to High Street, Ashburton (2km) which is home to Ashburton IGA, Flight Centre, Chemmart Pharmacy, Two Seeds Café , NQR & Ashburton Library
- Close to Malvern & Armadale (3.5-5km) with surrounding businesses including Mossgreen, Phillippas, 8 days Café, Goodlife Armadale, Pressed Juices, Maison Est & various cafes & specialty stores
- Easy access to retail amenity of Glenferrie Road, Malvern
- Only 5.4km to Chadstone Shopping Centre which is anchored by David Jones & Coles and home to Adairs, Aesop, Australia Post, Endota Spa & various fashion retail stores.
The property is located on the south side of High Street near the intersection of Malvern Road and is located approximately 13km* south-east of the Melbourne CBD within the municipality of the Stonnington City Council. High Street is a major arterial road that runs from Ashburton through to Prahran, where it merges with St Kilda Road.
