445 Glenferrie Road, Malvern, VIC, 3144, Australia

$3,000,000 - $3,300,000

A rare opportunity for the enterprising investor, astute homeowner or developer awaits with these two oversized apartments on one title in blue-chip Malvern location.

Fully renovated the two oversized whole floor apartments offer an array of possibility including potential development site opportunity (STCA).

Standing prominently these solid 1930s brick residences feature a secure entrance linking the ground floor and first floor apartments. Seamlessly blending modern finishes with original period features both apartments provide generous light filled living spaces leading to a separate kitchen and meals area equipped with stainless steel appliances and ample storage throughout. Each apartment is complete with three well-proportioned oversized bedrooms serviced by a spacious central bathroom with additional separate powder room.

Set amongst the tidy treelined grounds of 556 sqm (approx.) two separate standing remote garages are accessed via the wide return driveway with additional parking beyond the ivy covered high fence with secure remote gates.

Just moments to cosmopolitan Kooyong Village, Toorak Village, High Street and Glenferrie Road shops, cafes and restaurants. Walking distance to elite private schools, Kooyong Lawn Tennis Club, public transport, Sire Robert Menzies Reserve and The Yarra River.

Strong current rental return of $79,512.00 (approx.) combined per annum.
Leased until November 2023 with possibility to extend leases on both apartments.