Ray White Commercial is delighted to present to market for the first time in nearly 30 years a rare piece of commercial real estate located in the heart of the Murrumbeena Village Precinct.

This is a fantastic opportunity to acquire what we feel is an absolute must for any astute investor, developer or owner occupier. What makes this offering all the more enticing is that the property benefits from having two street frontages making any plans for development in the future all the more appealing!

This exceptional offering, comprising of a vacant retail / office space (fronting Neerim Road) as well as a tenanted two (2) bedroom residence on the rear (known as 23C Melbourne Street) is one not to be missed!

The shop itself is 130m2* and has been recently renovated with freshly painted walls, suspended ceiling and lighting making it ready to occupy or lease immediately. The two (2) bedroom residence has been occupied since November 2016 with the Tenant currently on a monthly tenancy paying $20,028 p/a* net giving you the added bonus of immediate income whilst you decide on your plans for the future!

The property is strategically located within the South-East corridor of Metropolitan Melbourne accessible via Dandenong Road, Murrumbeena Road and the Monash Freeway (M1) whilst being only 1.2km* from the Iconic Chadstone Shopping Centre and directly opposite Murrumbeena Station.

Property Features:

• Total land area | 335m2 approx
• Combined building area | 250m2 approx
• Street frontage to both Neerim Road & Melbourne Street
• Huge Development Upside (STCA)
• Tightly held Murrumbeena Village Precinct
• Shop & residence separately metered
• Residence on a monthly tenancy returning $20,028* p/a net (Leased since Nov 2016)
• Serviced by major arterial roads including Dandenong Road & Monash Freeway (M1)
• Only minutes from Chadstone Shopping Centre
• Directly opposite Murrumbeena Station
• First time offered in 30 Years!
• Commercial 1 Zone (C1Z)

Inspections By Private Appointment

Theo Karkanis | 0431 391 035
George Ganavas | 0478 634 562

To Register to Bid: Please visit the Anywhere Auctions website or download the app and click on the "Register to Bid" button against this property. Registration takes five minutes and you will be able to bid online from the safety of your own home or office.

https://anywhereauctions.com.au/app/property?propertyId=1852

To find out more about the bidder registration process or bidding online through the Anywhere Auctions platform for this auction, please visit the "How to bid" section of the Anywhere Auctions website or contact us directly.

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.