736 Malvern RoadArmadale VIC 3143
Property Details for 736 Malvern Rd, Armadale
Last Listing description (July 2014)
A Treat Of An Investment
Axis Property is pleased to offer this outstanding two level shop and dwelling or office.
Situated on a prominent corner (Corner Beatty Ave and Malvern Road) and enjoys 2 street frontages.
The first floor is accessed from a separate entrance and offers an office with three (3) main rooms and a bathroom.
This space can also be utilized as a residential apartment.
The two tenancies can be leased or occupied separately.
The property offers excellent Malvern Road exposure, 100 meters from Toorak railway station, enjoy trendy Beatty Ave with its cafes and shops
The property lends itself to further development (STPA).
Building area - 230 Sqm* over 2 levels
Current net rent - $76,367 per annum
Lease term - 5 x 5 years
Land area 135 Sqm*
An Inspection will not disappoint
Property History for 736 Malvern Rd, Armadale, VIC 3143
- 01 Aug 2014Sold for $1,312,000
- 27 Jun 2014Listed for Sale AUCTION
- 12 May 2012Listed for Sale Not Disclosed
Recent sales nearby
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0About Armadale 3143
The size of Armadale is approximately 2.2 square kilometres. It has 7 parks covering nearly 2.9% of total area. The population of Armadale in 2016 was 9054 people. By 2021 the population was 9368 showing a population growth of 3.5% in the area during that time. The predominant age group in Armadale is 30-39 years. Households in Armadale are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Armadale work in a professional occupation.In 2021, 52.60% of the homes in Armadale were owner-occupied compared with 52.40% in 2016.
Armadale has 7,094 properties. Over the last 5 years, Houses in Armadale have seen a -10.90% decrease in median value, while Units have seen a 6.94% increase. As at 30 November 2025:
- The median value for Houses in Armadale is $2,090,545 while the median value for Units is $663,520.
- Houses have a median rent of $850 while Units have a median rent of $600.
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