1287-1289 Malvern RoadMalvern VIC 3144
Property Details for 1287-1289 Malvern Rd, Malvern
Last Listing description (February 2015)
DEVELOPMENT LAND WITH 18 METRE FRONTAGE TO MALVERN ROAD
Comprises large two level prominent showroom building formally occupied by Clive Peters suitable for a variety of uses including retail or office. Internal accommodation is open plan with stair case connecting the floors and amenities to each level. The building provides basement parking for 14 cars, disabled entry and has recently undergone a refurbishment. There is excellent natural light to the front and rear of the building and would suit a variety of different uses.
The immediate area has undergone a transition in recent times and this section of Malvern Road is witnessing redevelopment of sites into mixed use residential projects. Therefore we believe one of the positive attributes of 1287 Malvern Road is its development upside.
Malvern Road, Malvern is an established retail strip, strongly serviced by the surrounding dense residential neighbourhood and thoroughfare of traffic. The suburb of Malvern is supported by typically affluent residents with high disposable incomes. The strip comprises of mostly restaurants, boutiques and specialty stores.
Furthermore the property provides easy access to the Monash Freeway (Citylink) and is well supported by public transport with trams running along Malvern Road and Tooronga & Gardiner Train stations only a short walk away .
* Subject to council approval
Property History for 1287-1289 Malvern Rd, Malvern, VIC 3144
- 27 Feb 2015Sold for $5,400,000
- 03 Feb 2015Listed for Rent - Price not available
- 18 Nov 2014Listed for Rent - Price not available
Recent sales nearby
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0About Malvern 3144
The size of Malvern is approximately 2.9 square kilometres. There are 9 parks, covering nearly 4.4% of the 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 6,779 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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