54-56 Commercial Road Prahran VIC 3181

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