152-154 Wattletree Road

Malvern VIC 3144

Glenferrie Road is home to two major retail shopping strips, the Hawthorn Precinct and the Malvern Precinct. These retail areas are home to large national retailers and local retailers. The beauty of this site is its close proximity to the reputable restaurants / cafes and the highly regarded High Street fashion precinct. All of this therefore makes for a very desirable location for all retail, office and residential use.

Offer:

The property is a two storey building sitting on a large rectangle parcel of land situated on Wattletree Road. It is positioned in a great location where commercial properties meet residential properties. The building is ripe for redevelopment, and enjoys excellent natural light with a prominent 6 metre street frontage, and offered with vacant possession. The south side of the property backs on to a council/public car park with approximately 100 bays.

Planning Permit:

The planning permit allows a three level commercial building described as follows;

Ground Floor Level

Commercial Leasable Area 230 sqm* Courtyard 9 sqm*

First Floor Level

Commercial Leasable Area 274 sqm* Balcony 10 sqm*

Second Floor Level
Commercial Leasable Area 216 sqm* Balcony 18 sqm* &15 sqm*

Total 720 sqm* Balcony 52 sqm*

Total Gross Area:

371 square metres approximately

Method of Sale:

Forthcoming public Auction, the date is to be confirmed.

Terms:

A 10% deposit is required upon exchange of contracts and settlement is due within 60 days.