GormanKelly is pleased to offer 21 Glenferrie Road, Malvern for private sale.

This is a rare opportunity: providing a short term investment for an owner occupier or investor with an upside of development potential!

21 Glenferrie Road comprises of a two-storey two level retail premises with high ceilings and plenty of natural light. The ground floor comprises main retail space, rear storage room and kitchen.

The first floor comprises of 3 separate rooms which could be converted to an apartment.

We believe the most outstanding aspects of this property include:

- Two-storey retail premises of 138sqm with 2 on-site car spaces via rear laneway;
- Currently returning $33,262.20 net p.a. plus outgoings;
- Leased to Ania G Couture with lease expiry May 2016
- Suitable for Investors or Owner Occupiers with future potential to develop (STCA);
- Land area 151m² / Zoned Commercial 1;
- Close to Malvern Central Shopping Centre, anchored by Woolworths & David Jones and home to names such as BWS, Bed Bath N’ Table, Adairs, kiki k and all the major banks
- In close proximity to a number of medical facilities including Cabrini Hospital, Cabrini Children’s Centre & Womens Ultrasound Malvern.