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Sold on 18 Dec 2019

35 McArthur Street Malvern VIC 3144

  • Development / Land
  • 794 m²
  • Sold

ULTIMATE FLEXIBILITY: WHOLE BLOCK OF FULLY LEASED FLATS + VALUE ADD PERMIT FOR SURPLUS LAND

  • 794sqm* Malvern landholding
  • Potential for substantial rental uplift
  • Permit approved for future expansion

- The ideal investment opportunity to purchase a whole block of six (6) oversized Malvern flats that are fully-leased & income-producing and a present a clear refurbishment angle or potential rental uplift for value-add investors.

- Including a massive development upside with an approved permit for an additional residence to be constructed

- Direct street frontage to the idyllic tree-lined McArthur Street which provide convenient access to the retail, hospitality and transport amenity along Malvern Road.

- Excellent transport linkages, Tooronga Train Station, tram & bus stops, close access to Monash Freeway providing direct Melbourne CBD access

- A location that suits families, young professionals, down-sizers & retirees being only a short walk to vast array of lifestyle amenities: Spring St Park (800m*), Malvern Road Retail Strip (400m*), Lauriston Girls School (1.1km)

- Exceptional Malvern Median House price of $2,415,000**almost triple the Melbourne median

FOR SALE VIA PUBLIC ON-SITE AUCTION WEDNESDAY 18TH DECEMBER AT 2.30PM

Open for Inspection times:

Wednesday 11th December at 11am
Friday 13th December at 11am
Monday 16th December at 11am

*Approx

Julian White
+61 422 764 137

Dylan Kilner
+61 459 396 341

Chao Zhang
+61 411 625 068

Nic Hage
+61 448 782 594

AUCTION

Auction date and time18/12/2019 14:30
Auction location35 McArthur Street, Malvern

Inspections are still happening

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Property Highlights

Property ID2015884813
Date Sold18 Dec 2019
Floor AreaAsk Agent
Land Area794 m²
ParkingAsk Agent
Category
Last updated  18 Dec 2019
Map for 35 McArthur Street Malvern VIC 3144
Map for 35 McArthur Street Malvern VIC 314435 McArthur Street Malvern VIC 3144
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  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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