You can Part-Occupy, Invest
and/or further Develop …
The choice is up to you!
Auction Date: Thursday May 30, 2002
Currently, the property offers you three shops with a roomy dwelling above. And the larger shop (on the corner of Station Place) is available for you to occupy yourself, or simply lease it out.
Current Tenancy Details
| Tenancy |
Area (approx) |
Annual Rental |
| Shop 1 |
70m2 |
$14,560 (gross) |
| Shop 2 |
145m2 |
$30,000 (est’d net) |
Shop 3
Dwelling |
28m2
147m2 |
$19,908 (gross) |
Development Potential
After consultation with Michael Ranger (of Ranger Architects), he has prepared some concept plans showing how you could further develop the property.
These plans retain the existing buildings at the front of the site; and propose three large, 2-storey townhouses, above a secure carpark behind.
To assist you with your analysis, we have obtained:
That way, you have nearly all the facts and figures at your fingertips, as you consider the benefits and opportunities this property can offer you. And feel free to call either Simon or Peter, if you need them to answer any specific questions you may have.
Long-Term Investment Potential
Being where it is, the property enjoys visual exposure for the retail shops; and relative seclusion for the residential apartments. Plus, you have the benefit of all the Glenferrie Road Shops (particularly Malvern Central) being so close by.
It really is a great location.
Transport-wise … you’ve got the train from Malvern Station and the trams in Glenferrie and Dandenong Roads; plus you have easy access to the City and south-eastern Victoria.
Would you like to arrange an inspection?
Just contact us if you have any queries, or would like to make a time to have a look through the property. |
