The development potential is enormous with the opportunity to build up to 5 stories (STCA-please request the letter of advice).
A rare chance to acquire a distinguished property on the iconic Glenferrie Road retail strip is now available. Located at 104-106 Glenferrie Road, this freehold gem combines heritage charm with vast commercial potential, making it a highly desirable asset in Malvern.
With 397sqm* of land and a 468sqm* (approx.) building area, this property is perfectly zoned for Commercial 1 (C1Z), offering immense flexibility across a dual land parcel. The ground floor features two tenancies - one leased to 'The Bed Spread' and another vacant space ready for a new tenant or business venture. The expansive first-floor level adds significant value, ideal for future development (STCA) or enhanced commercial use.
With a wide 10m* frontage, rear access, and public parking, this property stands out in the heart of Glenferrie Road, surrounded by national retailers such as Chemist Warehouse, Coles, Malvern Central and major banks. The location is vibrant, with popular restaurants, cafes, and retail all within walking distance.
Exceptional connectivity is another key advantage, with Malvern Train Station nearby and Glenferrie Road trams at your doorstep and close to Cabrini. The affluent local demographic, with median house prices in excess of $2.5 million, underscores the strong commercial potential.
Formerly owned by the late Rachel Magda Hornung, a successful businesswoman and Polish immigrant who arrived in Australia in the late 1960s, this sale carries both commercial and philanthropic significance, with all proceeds supporting Jewish hospitals.
This is a prime opportunity to invest in a property with history, location, and limitless potential on one of Melbourne's most sought-after retail strips.
(*approximate sizes)
- Prime opportunity on Glenferrie Road's iconic retail strip in Malvern
- Heritage charm combined with vast commercial potential in prime location
- 397sqm land, 468sqm building area, zoned Commercial 1 (C1Z) (approx..)
- Expansive top floor offers significant value for future development
- Two ground-floor tenancies, one leased, one vacant, offering immense flexibility
- Sale proceeds support Jewish hospitals, adding philanthropic significance to investment
To inspect this property please contact the agent otherwise you can attend one of our scheduled open for inspections:
Sat 7th of Sep at 10.30-11am
Wed 11th of Sep at 12-12.30pm
Sat 14th of Sep at 11-11.30am
Wed 18th of Sep at 12-12.30pm
Wed 25th of Sep at 12-12.30pm
Wed 2nd of Oct at 12-12.30pm
Wed 9th of Oct at 11.30am -12pm
