54-56 Commercial Road Prahran VIC 3181

Offices
412 m²
Sold

HIGH PROFILE INVESTMENT WITH OPPORTUNITY TO REDEVELOP

Morley is pleased to offer this New York warehouse-style two level building in the heart of Prahran, with solid current income as well as an opportunity for apartment development (concept plans available). Public transport, Fawkner Park and Prahran Market are on your doorstep. This reliable investment has three leased spaces with long term tenants - a gym on the ground floor and two apartments upstairs.

Land area: 230m2 approx
Building area: 412m2 approx
Income generating $107,807 per annum (approx.)
Potential to purchase the property with the upstairs area vacant
Front and rear access
Highly advantageous Residential Growth Zone 1

Property profile and video link available.

Tom Larwill
0411 326 165
tlarwill@morleycommercial.com.au

Andrew Morley
0418 319 443
amorley@morleycommercial.com.au

Morley Commercial

Level 4, Building 5

Richmond, VIC 3121

Property Highlights

Date Sold	1 Nov 2020
Floor Area	412 m²
Land Area	230 m²
Parking	Ask Agent
Property ID	2016093381
Category	Offices Medical / Consulting Shop & Retail
Last updated	17 Nov 2020

Map for 54-56 Commercial Road Prahran VIC 3181

Nearest transport* to 54-56 Commercial Road Prahran VIC 3181

Bus

Train

Tram

Braille Library/Commercial Rd (South Yarra)	25 m
Braille Library/Commercial Rd (South Yarra)	31 m
Commercial Rd/Punt Rd (South Yarra)	166 m
Alfred Hospital/Punt Rd (South Yarra)	195 m

*Within a 4km radius

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Morley Commercial

Level 4, Building 5

Richmond, VIC 3121

Property Highlights

Date Sold	1 Nov 2020
Floor Area	412 m²
Land Area	230 m²
Parking	Ask Agent
Property ID	2016093381
Category	Offices Medical / Consulting Shop & Retail
Last updated	17 Nov 2020