1523 High Street Glen Iris VIC 3146

A rare and highly sought-after freehold opportunity in the heart of Glen Iris - one of Melbourne's most prestigious and tightly held suburbs. With Commercial 1 Zoning, this high-exposure asset presents endless possibilities, whether you're looking to occupy, invest, or redevelop. Offering a ground floor 40sqm* shop front plus a two bedroom residence split over 2 levels with rear access, this unique property is a prized find!

Unbeatable Location & Connectivity
• Prime High Street frontage for maximum exposure.
• Only 50m from Glen Iris Train Station & 80m from Tram Route No. 6.
• Easy access to Monash Freeway (M1) & major arterials (Burke Rd, Toorak Rd, Warrigal Rd).
• Surrounded by thriving retail & lifestyle precincts, including Glenferrie Rd Malvern, Camberwell Junction and Tooronga Shopping Centre.

Property Highlights
• 149sqm* land area with 102sqm* of versatile floor space over two levels.
• Rear lane access via Paran Place with secure tandem parking for 2 cars (remote control roller door & lockable pedestrian gate).
• Excellent natural light & high-exposure signage potential.

Current Use & Future Potential
• Ground-floor shopfront (40sqm)*, currently operating as a hair salon, featuring a private powder room.
• Separate residence split over two levels: upstairs offering 2 bedrooms, and an ensuite bathroom; Downstairs has a modern kitchen with meals area, a laundry, bathroom and a spacious living area.
• Reverse-cycle split system for year-round comfort.
• Ideal for owner-occupiers, investors, or developers looking to capitalise on this blue-chip location.

Potential Rental Return (approx.)
• Commercial shop front: $650 - $700 per week
• Residential apartment: $500 - $550 per week
TOTAL = $1,150 - $1,250 per week

Opportunities like this are rarely available - act now!

Contact us today to secure this prime freehold asset before it's gone!