1400-1402 High StreetMalvern VIC 3144
Property Details for 1400-1402 High St, Malvern
Last Listing description (October 2024)
Key Features:
Wide 12m High Street Frontage
The Perfect Owner Occupier Asset
Extremely versatile freehold with highly exposed retail/showroom area as well as a rear warehouse with roller door access from High Street. One of the most recognisable freeholds in the area, previously occupied by iconic 'Scullerymade' for over 40+ years. Outstanding location within walking distance to an array of iconic restaurants, bars, cafes, and high-end retail. Huge value-add possibilities available to future purchasers with opportunities to refurbish/renovate and lease out/hold as an investment. Huge 12m* High Street frontage as well as roller door access, accessible via the street. Affluent local demographic with a median house price of $2,800,000* which forms part of the City of Stonnington - one of Australia's most affluent municipalities. Future development possibilities and established precedence for multi-storey development in the area.
Private inspections by appointment only.
Property History for 1400-1402 High St, Malvern, VIC 3144
- 28 Oct 2024Sold
- 18 Jul 2024Listed for Sale Contact Melbco City Fringe today
- 26 May 2023Listed for Rent - Price not available
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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 6,509 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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