1-3 Station StreetMalvern VIC 3144
Property Details for 1-3 Station St, Malvern
Last Listing description (September 2023)
PRIME DOUBLE FRONTED RETAIL OFFERING
If you have been looking to lease commercial/retail space in Malvern or surrounds, look no further! This character filled, immaculately presented property is sure to suit!
With a total building area of 172sqm*, and shops from 40sqm*, this flexible offering over two (2) levels will have something for everyone.
Offering 11.9m* frontage to Station Street, the site is highly visible and accessible to the strong foot traffic generated by nearby Malvern Train Station (<100m), and Malvern Central Shopping Centre (<130m). Additionally this imposing site cannot be missed by the 13.100* cars that pass along Glenferrie Road on a daily basis ensuring your business will be the centre of attention for the local population.
Suitable for a variety of uses (STCA) including, yoga, pilates, personal training, a wine bar or caf, the property is surrounded by national retailers such as David Jones, Coles, Woolworths, BWS, Adairs, OPSM who are all serviced by the Malvern Station Tram Stop only 65m* away from 1-3 Station Street, Malvern.
Additionally, the property will enjoy high visibility to foot traffic from the nearby Malvern Collective development as occupants make their way up Glenferrie Road to the retail precinct. Currently under construction with Kokoda the site will consist of a Woolworths Metro store and 225 new apartments, expected to home some 400* residents upon delivery in 2023.
Call for your opportunity to inspect today!
*approx
Property History for 1-3 Station St, Malvern, VIC 3144
- 06 Mar 2024Sold for $1,710,000
- 19 Oct 2022Listed for Rent - Price not available
- 18 Aug 2022Sold for $1,180,000
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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 2011 was 9,502 people. By 2016 the population was 10,071 showing a population growth of 6.0% in the area during that time. The predominant age group in Malvern is 20-29 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 2011, 67.9% of the homes in Malvern were owner-occupied compared with 66.7% in 2016.
Malvern has 6,506 properties. Over the last 5 years, Houses in Malvern have seen a 11.02% increase in median value, while Units have seen a 1.69% increase. As at 31 October 2024:
- The median value for Houses in Malvern is $3,042,352 while the median value for Units is $738,942.
- Houses have a median rent of $1,000 while Units have a median rent of $550.
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