Price Guide:
Aston Commercial on behalf of Cabrini Hospital are pleased to offer 147 Tooronga Road, Glen Iris for sale by Expressions of Interest closing Thursday 23 April 2020 at 2pm.
Offered as a whole, it is increasingly rare for blocks such as this to still be offered as a single purchase to investors and provides a great long-term option to allow continuous income streams.
Located on the border of blue-chip suburbs Glen Iris and Malvern, this building has been impeccably maintained by the hospital as accommodation for Missionary Sisters and families of travelling patients for nearly 50 years and comes partially leased.
Property highlights:
• Land Area: 728 sqm*
• General Residential Zoning
• Six (6) larger residential apartments – 2 & 3 Bedrooms
• Potential fully leased income of $150,800pa
• Nearly 20 metres of street frontage
• Multiple future residential and specialist development options (STPA)
For further details or to arrange an inspection please contact the exclusive selling agents.
*approx.
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