122-124 Glenferrie RoadMalvern VIC 3144
Property Details for 122-124 Glenferrie Rd, Malvern
Last Listing description (April 2014)
PLENTY OF FRONT
We???re thrilled to offer 122-124 Glenferrie Road, Malvern for sale by auction scheduled for Thursday 29th May at 12pm onsite.
This is a rare opportunity for investors, owner occupiers or developers to secure a vacant possession retail premises in a true prime location, with great re-development potential (STCA).
The ground floor comprises a large open retail area with consultation and storage rooms ,while the first floor offers an office space, toilet facilities, kitchen/staff room and additional storage rooms.
The laneway to the rear which divides the building from the double story car park, is of benefit insofar as there is no true residential interface which may otherwise cause issues with obtaining development approval (STCA).
122-124 Glenferrie Road, Malvern is located on the eastern side of Glenferrie Road in the heart of the prime trading precinct between Edsall Street & Wattletree Road which is anchored by Coles, Vintage Cellars, Commonwealth Bank, Westpac, ANZ, Optus, Brumbys, Sussan???s, Flight Centre & Australia Post.
Located directly across from the main pedestrian crossing, the property is surrounded by long standing traders including Reading???s, Louie???s Deli & Caf??, Glicks Cakes & Bagels, Wursthutte Butcher, Continental Kosher Butchers, Fleischer Continental Cakes, Nova Pharmacy and Books in Print.
It???s no surprise that this sector of Glenferrie Road has been seen as the prime retail heart of the strip for over 100 years. This can be attributed to the abundance of car parking on both the eastern and western sides of the Street, which is otherwise not available from the mid to northern sections of Glenferrie Road.
Trams run at the doorstep on Glenferrie & Wattletree Road & Malvern Train Station is within walking distance.
Property History for 122-124 Glenferrie Rd, Malvern, VIC 3144
- 29 May 2014Sold for $4,650,000
- 17 Apr 2014Listed for Sale Not Disclosed
- 25 Jul 2004Listed for Sale Not Disclosed
Recent sales nearby
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About Malvern 3144
The size of Malvern is approximately 2.9 square kilometres. It has 9 parks covering nearly 4.4% of total area. The population of Malvern in 2016 was 10066 people. By 2021 the population was 9929 showing a population decline of 1.4% in the area during that time. The predominant age group in Malvern is 50-59 years. Households in Malvern are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern work in a professional occupation.In 2021, 70.20% of the homes in Malvern were owner-occupied compared with 66.70% in 2016.
Malvern has 6,823 properties. Over the last 5 years, Houses in Malvern have seen a -2.00% decrease in median value, while Units have seen a -0.75% decrease. As at 30 April 2026:
- The median value for Houses in Malvern is $2,872,859 while the median value for Units is $775,467.
- Houses have a median rent of $1,200 while Units have a median rent of $590.
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