265-269 Burke RoadGlen Iris VIC 3146
Property Details for 265-269 Burke Rd, Glen Iris
Last Listing description (October 2023)
Jones Real Estate is privileged to present 265-269 Burke Road, Glen Iris to the market For Sale via Public On-Site Auction on Friday 27th October 2023 at 2:30pm.
Situated on Burke Road in the illustrious suburb of Glen Iris, this eye-catching commercial opportunity is an incredibly rare and versatile offering. With its strategic location, adaptable zoning, undeniable development potential and commanding frontage onto Burke Roads shopping precinct, the property provides a rare opportunity to enter into one of Melbourne's most prestigious post codes.
Key highlights of this property include:
- Prime landholding of 582sqm* featuring a commanding frontage of 14.6m* to Burke Road.
- Presenting a dual story freehold with an estimated 450sqm* of NSA, the property features lane way access and ample car parking at the rear of the property.
- Returning $50,000 p.a + GST & Outgoings on an initial term of 15 months with 2 further terms of 6-months, allowing incoming purchasers the ultimate flexibility to invest or develop^.
- The property is immersed within one of Melbourne's most esteemed local councils, the City of Stonnington. Surrounded by a plethora of high-end retail boutiques, cafs, restaurants and lifestyle amenity, the central location defines ultimate inner suburban lifestyle living.
- Regarded as one of Melbourne's most expensive post codes, Glen Iris boasts a median house price of $2,420,000**, further enhancing the underlying land value for generations to come.
- Positioned near some of Melbourne's finest educational institutions such as Sacre Coeur, Korowa Anglican Girls' School, Caulfield Grammar School and De La Salle College.
- Exceptional transportation options, accessed through the number 6 or 72 tram routes, Gardiner and Tooronga Railway Stations and major arterial road networks including High Street, Burke Road, Malvern Road, Toorak Road, and the Monash Freeway.
- Property is zoned C1Z - Commercial 1 Zone with development potential of up to 7 levels^.
*Approx.
^Subject to council approval
*****.
For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding
Property History for 265-269 Burke Rd, Glen Iris, VIC 3146
- 27 Oct 2023Sold for $1,850,000
- 28 Sep 2023Listed for Sale $2,000,000 - $2,200,000
- 01 Nov 2017Listed for Sale Priced to sell - $4,900,000
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About Glen Iris 3146
The size of Glen Iris is approximately 8.0 square kilometres. It has 26 parks covering nearly 8.7% of total area. The population of Glen Iris in 2016 was 25268 people. By 2021 the population was 26131 showing a population growth of 3.4% in the area during that time. The predominant age group in Glen Iris is 50-59 years. Households in Glen Iris are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glen Iris work in a professional occupation.In 2021, 70.00% of the homes in Glen Iris were owner-occupied compared with 68.00% in 2016.
Glen Iris has 13,464 properties. Over the last 5 years, Houses in Glen Iris have seen a 17.84% increase in median value, while Units have seen a 8.65% increase. As at 31 December 2025:
- The median value for Houses in Glen Iris is $2,473,258 while the median value for Units is $768,713.
- Houses have a median rent of $870 while Units have a median rent of $580.
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