RETAIL AND RESIDENCE - WHY NOT BOTH?

Sale Details

Sold on 05 Jul 2023 for $1,380,000

Description

POINT OF INTEREST:

This retail building is a rare find, with a prominent frontage on busy Cotham Road directly opposite the Glenferrie Road tram terminus. Totaling 298 sqm* land area and 163 sqm* building area, it is suitable for a variety of uses including living — with a recently renovated, private residential dwelling occupying the first floor. The two-bedroom, one bathroom residence provides ample quarters for a small family or is the perfect offering for those who seek the convenience of living and working under the one roof. Speaking of working, the 99 sqm* ground floor retail space has also recently been renovated, with heating and cooling throughout, rear north-facing courtyard and ample land for parking via the rear laneway. A prime location, the site is sandwiched nicely between both the Eastern and Monash Freeways, just 2.75 km* and 4.65 km* away respectively, and 1.57 km* up Glenferrie Road from the railway station.

- Total land area 298 sqm*.
- Ground floor retail area 99 sqm*.
- First floor private residence 64 sqm*.
- Rear access & parking via Ridgeway Avenue.
- Flexibility to occupy all or part lease out.
- Favourable Commercial 1 Zoning.
- 2.75 km* to the Eastern Freeway.
- 4.65 km* to the Monash Freeway.
- 1.57 km* to Glenferrie Railway Station.

POINT OF VIEW:
Flexibility. With the retail and the residence being separately contained with dual access, the decision to occupy the entire floor plan or set up shop and lease out the rest is entirely up to you.

*Approx.
Pricing excludes GST