GormanKelly is pleased to offer 275 Wattletree Road, Malvern for sale by auction.
This rare offering provides investors and/or owner occupiers with the opportunity to secure a partly-leased and vacant two-storey office building situated in high-exposure location on a major south-eastern thoroughfare being on the corner of Tooronga Road and Wattletree Road.
We believe the most outstanding aspects of this property include:
- Suit investors and owner occupiers (part leased)
- Freestanding two level office building comprising 3 office suites (3 Titles)
- Projected fully leased income of $170,000 pa OGs & GST
- Plus additional income of $38,912.68 pa GST from telecommunications equipment
- Combined frontage of over 35.7m approx.
- Gross Building Area of 578m approx. with 13 car spaces
- Trams at doorstep, easy access to Monash Freeway
The subject property is situated on the north-western corner of Wattletree and Tooronga Roads.
Due to the constant stream of traffic and as one of the regions main thoroughfares, properties situated alongside Wattletree Road, Malvern receive ample exposure. The locale in which the property is positioned is a well-established retail strip, strongly supported by the dense surrounding residential catchments and steady stream of passing motorists, tram services and foot traffic. Additionally, as it is only minutes from the Glenferrie Road, the property is serviced by consumers utilising the regions retail amenities.
