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Development Land with Holding Income!
This exceptional parcel of land is in the heart of Glen Iris and has easy access to the Monash Freeway, Glen Iris train station, High Street tram and provides prominent exposure to affluent surrounding suburbs.
Sit back and enjoy the secure income while you decide what to do with this prominent parcel of prime Glen Iris land. With multiple street frontages to High Street and Brixton Rise and adjacent to parklands, this site is ripe for development.
The former Glen Iris post office is currently leased as a nursery and cafe, while the rear of the property is leased to 32 tenants providing a secure income with low exposure to long term vacancies.
? 6,244m2 (approx.) over 2 titles
? Residential 1 Zoning
? Total income of $270,274 net p.a (approx.)
? Potential income of $350,000 net p.a (approx.)
? Secure income with bright future
Conjunctional Agent:
Colliers International
Jeremy Gruzewski - 0422 211 021
Level 32, 367 Collins Street, Melbourne
For Sale By Negotiation Due Diligence Checklist
Sit back and enjoy the secure income while you decide what to do with this prominent parcel of prime Glen Iris land. With multiple street frontages to High Street and Brixton Rise and adjacent to parklands, this site is ripe for development.
The former Glen Iris post office is currently leased as a nursery and cafe, while the rear of the property is leased to 32 tenants providing a secure income with low exposure to long term vacancies.
? 6,244m2 (approx.) over 2 titles
? Residential 1 Zoning
? Total income of $270,274 net p.a (approx.)
? Potential income of $350,000 net p.a (approx.)
? Secure income with bright future
Conjunctional Agent:
Colliers International
Jeremy Gruzewski - 0422 211 021
Level 32, 367 Collins Street, Melbourne
For Sale By Negotiation Due Diligence Checklist
Click to see the map
Glen Iris
Median House Price
$2,478,000
2 bedroom
$1,310,000
3 bedroom
$1,980,000
4 bedroom
$2,700,000
About Glen Iris
Glen Iris offers a village-like atmosphere
Live Like a Local
Tucked away in Melbourne’s inner east, Glen Iris offers a village-like atmosphere conveniently close to the city. Abundant with plantlife, it’s hard to miss this suburb’s connection with the natural world. Sprawling over undulating hills, there’s pretty parks, leafy cycling routes and walking trails, all canopied by established trees. Attracting families and professionals young and old, you’ll find a diverse community looking for a slower pace of life with the space and cafe culture to enjoy it. Spend your weekends at the local swimming pool – topped off by a delicious meal at one of the many quirky eateries – or pack a picnic and head to gorgeous Gardiners Creek. Well-connected by train, roads and bicycle paths, you’re never too far away from the city if you need it – but you’ll probably find you never want to leave.
Glen Iris
A village-like atmosphere.
Click to see the map
Schools & Landmarks