Feb 10 2018Add to Favorites
Teska Carson (9421 7000) is marketing a boutique occupation, investment or development opportunity in the heart of the highly regarded inner eastern suburb of Glen Iris. The property will be auctioned on Thursday, March 1 at 1pm.
Located at 7-9 Bardolph Street, within a prized residential catchment and directly adjacent to Burwood railway station, the property comprises a 118 square metre, single level, double-fronted, shop with on-site parking. It is currently owner-occupied and has been utilised as office space.
The property is also within close proximity of numerous lifestyle amenities including High Street, Ashburton, Toorak Road, Hartwell, and Burke Road, Camberwell shopping strips.
Zoned Commercial 1 under the City of Boroondara Planning Scheme, the 217 square metre site provides nearly ten metres frontage to Bardolph Street and more than 12 metres to a ROW at the rear.
According to marketing agents, Teska Carson’s Tom Maule and Matthew Feld, the property presents a fantastic opportunity for purchasers to acquire a versatile retail/commercial premises in a unique location.
Mr Maule said development in the immediate area, including mixed use and multi-unit residential developments, provided exciting growth prospects within a well-regarded pocket of a very popular suburb.
``This is one of those properties that comes up rarely in the heart of a blue chip suburb with flexible zoning providing numerous options to a wide range of prospective purchasers.
``The property’s position within this exclusive strip right next to the railway station provides very desirable, additional, investment credentials,’’ Mr Maule said.
Commercial 1 zoning aims to promote vibrant mixed use commercial centres for retail, office, business, entertainment and community uses, as well as residential uses at densities complementary to the role and scale of the commercial centre.
Mr Feld said the property’s key investment attributes included:
•The location in a boutique retail/commercial strip;
•Strong growth potential;
•Excellent frontage and exposure;
•Potential for dual tenancies;
•Location in one of Melbourne’s most exclusive suburbs; and,
•Very close proximity to transport.
The Centennial Industrial and Logistics (CIL) launches its latest Enhanced Value fund will follow on from the success of the CIL I and CIL II funds which currently own 6 industrial and logistics properties across Brisbane and Melbourne totalling around $90 million in value.
Dexus Funds Management Limited as responsible entity of Dexus (“Dexus” or the “Group”) confirms today the successful completion of the institutional placement (“Placement”) announced to the Australian Securities Exchange (“ASX”) on 2 May 2019 to partly fund the acquisition of a 75% interest in 80 Collins Street, Melbourne.
At the end of 2017 MP Funds Management (MPFM) co-invested in the acquisition of 9 Hunter Street, a 15,500sqm (approx.) commercial office building which is located almost on the junction of Hunter and George Streets in the, the asset has had the benefit of all of the light rail infrastructure and closing of George Street into the upgraded mall area, together with the multi-billion dollar refurbishment that Brookfield is doing on Wynyard rail way. The Asset was acquired for $202m and has recently been revalued at a value materially higher than the initial purchase price which is pleasing.
Creating an account with MP Report allows you to save articles and update your preferences to filter the content based on your interests and what content you would like to receive from us via our email alerts and newsletter.SIGN UP HERE >