Fitzroys is delighted to present this prestigious land rich offering at 650 Malvern Road, Prahran for sale via Expressions of Interest closing Wednesday 13th November at 3pm.
Brilliantly positioned only metres from the hugely popular Hawksburn Village shopping and lifestyle precinct, the property is fully leased and offers the benefit of 18 separate titles for all apartments and car parks.
This ultra rare 1,250sqm* offering provides purchasers with the ultimate flexibility to either hold the apartment block as an investment, renovate and sell down the apartments individually, re-develop the site (STPA) or simply land bank and benefit from the future upside in this high growth location.
Key attributes include:
- High profile elevated landholding of 1,250sqm*
- Valuable dual street access with 23.43 metre* frontages to Malvern Road and rear laneway, which is accessed via renowned 'boulevard' Grandview Grove connecting to High Street
- Within favourable Residential Growth Zone (RGZ) which includes the benefit of no heritage overlay
- Eight (8) oversized, well-maintained two (2) bedroom apartments plus secure garaged car parking
- Short leases in place providing scope for significant rental upside
- Unrivalled amenity surrounds the property with shops, eateries, public transport, recreational, medical and educational facilities all within walking distance
- A stone's throw to the famous Hawksburn Village (150 metres*) containing a perfect mix of local and national retailers including Woolworths, Baker Bleu, Stocked, Peter Boucher, Bistro Thierry, Greencup, Toscano's, Chemist Warehouse, Bar Bianco, Café Latte and more
- Close to multiple parklands including Orrong Park (170 metres*) while tram services operate along Malvern Road and the Toorak Railway Station is only 500* metres to the east
- Offered for the first time in over 30 years
- Develop, renovate, invest, sell down the possibilities are endless
For further information on 650 Malvern Road, Prahran or an inspection, please contact selling agents Chris Kombi, Lewis Wadell or Ben Liu from Fitzroys
*approx.
