CONNECTED, CONVENIENT, COMMERCIAL

96-98 Murrumbeena Road, Murrumbeena VIC 3163

Fully leased investment
Substantial land holding
Significant development upside (STCA)

Aston are pleased to present a fully leased diversified investment at 96-98 Murrumbeena Road, Murrumbeena by Expressions of Interest closing Thursday 26 February at 3pm.

Anchored by five secure tenants that have mostly been in occupation for twenty plus years. This prime parcel of land and building is ripe for further improvements, either refurbishment or redevelopment to create significant upside.

The features:

• Well presented dual-level freehold building of 1,328m²*
• Diversified income stream investment featuring five (5) long-term established tenancies with strong annual growth
• Highly desirable 'Commercial 1 Zone' (CZ1) landholding of 888m2* with rear laneway access providing future upside in a major growth corridor (STCA)
• Vibrant village location surrounded by some of Australia's most affluent catchments with a median house price of $1,665,000 *
• Positioned approximately 85 metres* from the upgraded Murrumbeena Train Station, the property sits within the newly formed Victorian Train and Tram Zone Activity Centre. A program that encourages development

This is an outstanding opportunity to acquire a securely leased freehold building in this tightly held location, with flexible zoning allowing for multi-level development.

Contact the exclusive agents for a confidential discussion or to arrange a private inspection.

*approximate

Enquire now