A GRAND SLAM INVESTMENT IN KOOYONG
GormanKelly is pleased to offer 473 Glenferrie Road, Kooyong for sale.
This is a rare opportunity to buy a broad fronted shop and dwelling within tightly held and well regarded Kooyong Village.
473 Glenferrie Road comprises a double storey standalone building of 251m2 with ground floor retail premises and first floor dwelling.
The ground floor comprises a retail area of 166m2 with rear storage of 8m2.
The first floor comprises a contemporary apartment of 75m2 with two bedrooms, kitchen, bathroom, lounge with split system air-conditioning and rooftop terrace. This area could be further extended and improved subject to council approval (STCA).
The property is leased to longstanding tenant Kooyong Cellars on a five (5) year term with an option on an annual rental of $61,983.24 per annum plus GST.
The site of 225m2 features rear access and a wide frontage of 6.7metres to Glenferrie Road it is zoned Commercial 1.
473 Glenferrie Road is located on the western side of Glenferrie Road near the corner of Power Street. The property is located approximately 11km* south-east of the Melbourne CBD within the municipality of the Stonnington City Council. Toorak Road is a major arterial road that runs from Burwood through to South Yarra, where it merges with St Kilda Road.
473 Glenferrie Road is located in the affluent suburb of Kooyong, in the City of Stonnington. The area is supported well by public transport with Kooyong Station and the Route 16 tram within walking distance of the property. The area contains Melbourne institutions such as the Kooyong Tennis Club and is within close proximity to some of the citys leading private schools.
The property is close to a number of established businesses along Glenferrie Road including Callisters Pharmacy, Croutons, The Lone Hydrangea, Newsagency/Australia Post, Cumin Thai, Land O Beauty, Halo Hair Boutique, a milk bar and the Kooyong Physiotherapy Centre.
Lot/Plan No: 1/TP336359