SOLD
Sold on 08 Nov 2023 for $1,196,910

123 Glenferrie Road
Malvern VIC 3144

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 162m2
Sold By
Gross Waddell ICR Pty Ltd
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Property Details for 123 Glenferrie Rd, Malvern

Building Type
Commercial
Land Size
162m2
Local Government
Stonnington
Lot/Plan
1/TP384381

Last Listing description (September 2023)

** SOLD **

Gross Waddell ICR is pleased to offer to the market this well-positioned retail freehold situated within one of Melbourne's 'blue chip' retail shopping strips.

Key features include:

New 3 year lease to Malvern Travel and Cruise

Rental: $50,000* p.a. plus GST

Lease term: 3 + 3 + 3 years

Annual 3% fixed increases, market review at option(s)

Land area: 162sqm*

Two level building of 114sqm*

Onsite car parking

Benefits from R.O.W. at the rear and direct access to Council carparking

200m* from Malvern Central (Woolworths & David Jones) and diagonally opposite Coles and Dan Murphy's

Surrounded by a plethora of cafes, restaurants, banks, homewares and lifestyle retailers including Optus, Chemist Warehouse, Glick's Bakery, Specsavers and Yo-Chi

The property is to be offered for sale via onsite Public Auction on Wednesday 13th September at 12:30pm.

For further details please contact Gross Waddell ICR directly.

*Approx.

Property History for 123 Glenferrie Rd, Malvern, VIC 3144

A timeline of how this property has performed in the market
Last Sold
$1,196,910
08 Nov 2023
Listed for Rent
$70k/w
16 Aug 2023
  • 08 Nov 2023
    Sold for $1,196,910
  • 16 Aug 2023
    Listed for Sale Contact Agent
  • 02 Aug 2023
    Transferred
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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 6,531 properties. Over the last 5 years, Houses in Malvern have seen a 21.36% increase in median value, while Units have seen a 5.07% increase. As at 31 August 2024:

  • The median value for Houses in Malvern is $3,031,022 while the median value for Units is $730,704.
  • Houses have a median rent of $1,050 while Units have a median rent of $550.
There are currently 17 properties listed for sale, and 7 properties listed for rent in Malvern on OnTheHouse. According to CoreLogic's data, 240 properties were sold in the past 12 months in Malvern.

Suburb Insights for Malvern 3144

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.