SOLD
Sold on 15 Nov 2023 for $780,000

1394A Malvern Road
Glen Iris VIC 3146

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 468m2
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Property Details for 1394a Malvern Rd, Glen Iris

Building Type
Commercial
Land Size
468m2
Local Government
Stonnington
Lot/Plan
1R/PS818626

Last Listing description (September 2023)

Gross Waddell ICR is delighted to offer 1394 Malvern Road, Glen Iris for lease.

The area has recently undergone a transformation in the form of two residential complexes being completed in the past few years adding vibrancy and a number of new patrons to be serviced.

This heritage-inspired, unique ground floor opportunity is located on the southern side of Malvern Road, Glen Iris. Only metres from Tooronga Road and surrounded by a variety of service retailers, showrooms, cafes, and restaurant such as Mr Foxx. With easy access to both the 72-tram line service and Tooronga Railway Station.

Key Features:
- 98 m2* approx.
- 5 metre street frontage on Malvern Road
- Suits Hairdressing, Cafe, Boutique Office, or Allied Health (STCA)
- Onsite car parking
- Flexible lease terms available

Rogan Sedger 0418352812

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Property History for 1394a Malvern Rd, Glen Iris, VIC 3146

A timeline of how this property has performed in the market
Last Sold
$780,000
15 Nov 2023
Listed for Rent
$45k/w
21 Sep 2023
  • 15 Nov 2023
    Sold for $780,000
  • 05 Jul 2023
    Listed for Rent - Price not available
  • 08 May 2023
    Listed for Sale Not Disclosed

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About Glen Iris 3146

The size of Glen Iris is approximately 8 square kilometres. It has 26 parks covering nearly 8.7% of total area. The population of Glen Iris in 2011 was 24,948 people. By 2016 the population was 25,253 showing a population growth of 1.2% in the area during that time. The predominant age group in Glen Iris is 40-49 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 2011, 71% of the homes in Glen Iris were owner-occupied compared with 68% in 2016.

Glen Iris has 13,186 properties. Over the last 5 years, Houses in Glen Iris have seen a 17.27% increase in median value, while Units have seen a 1.25% increase. As at 30 September 2024:

  • The median value for Houses in Glen Iris is $2,387,062 while the median value for Units is $737,161.
  • Houses have a median rent of $970 while Units have a median rent of $550.
There are currently 29 properties listed for sale, and 14 properties listed for rent in Glen iris on OnTheHouse. According to CoreLogic's data, 555 properties were sold in the past 12 months in Glen iris.

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