We’re thrilled to offer 122-124 Glenferrie Road, Malvern for sale by auction scheduled for Thursday 29th May at 12pm onsite.
This is a rare opportunity for investors, owner occupiers or developers to secure a vacant possession retail premises in a true prime location, with great re-development potential (STCA).
122-124 Glenferrie Road, Malvern comprises a prominent single level and part 1st floor freestanding retail premises of 408m2 with a land area of 398m2 and a 10.1 metre frontage. The site is zoned Commercial 1.
The ground floor comprises a large open retail area with consultation and storage rooms ,while the first floor offers an office space, toilet facilities, kitchen/staff room and additional storage rooms.
The laneway to the rear which divides the building from the double story car park, is of benefit insofar as there is no true residential interface which may otherwise cause issues with obtaining development approval (STCA).
122-124 Glenferrie Road, Malvern is located on the eastern side of Glenferrie Road in the heart of the prime trading precinct between Edsall Street & Wattletree Road which is anchored by Coles, Vintage Cellars, Commonwealth Bank, Westpac, ANZ, Optus, Brumbys, Sussan’s, Flight Centre & Australia Post.
Located directly across from the main pedestrian crossing, the property is surrounded by long standing traders including Reading’s, Louie’s Deli & Café, Glicks Cakes & Bagels, Wursthutte Butcher, Continental Kosher Butchers, Fleischer Continental Cakes, Nova Pharmacy and Books in Print.
It’s no surprise that this sector of Glenferrie Road has been seen as the prime retail heart of the strip for over 100 years. This can be attributed to the abundance of car parking on both the eastern and western sides of the Street, which is otherwise not available from the mid to northern sections of Glenferrie Road.
Trams run at the doorstep on Glenferrie & Wattletree Road & Malvern Train Station is within walking distance.
