Superbly situated in one of Melbourne's premier retail strips with flexible Commercial 1 zoning, is this outstanding opportunity to secure a prominent freehold that combines retail security and residential living, plus redevelopment possibility (STCA) on an impressive 160sqm allotment and a unique proposing to with potentil to occupy as a home, home/office or office/business use.
Beyond the stunning period façade of 'Pepperell's Buildings' (one of only a handful of original terrace buildings in this location), the ground floor retail space is securely leased to Vaperoo (returning $30,000PA) and adjoins a stylishly transformed double-storey residence for easy modern living. The spacious dwelling showcases three generously sized bedrooms with built in robes, main bathroom plus separate powder room, a fabulously well-lit living/meals area plus modern kitchen with feature tiling and incorporated breakfast bar. Outside reveals a charming, low maintenance courtyard with roller door access to the rear laneway for convenient off-street parking. Additional impressive features include a grand arched hallway, period detailing throughout, underfloor heating and warm timber flooring.
Perfectly positioned within a short stroll to plenty of city-bound train and tram options via Malvern Station and surrounded by several recently refurbished buildings and current tenancy fit outs in progress, further enhancing the appeal. Add to this, walking distance to popular Malvern Central, anchored by major tenants Woolworths, Boost Juice, Baker Delight and David Jones.
Investors, owner occupiers and developers alike will be quick to recognise the incredible potential on offer in a prestigious inner-city location with a median house price of $3,160,000. Move quickly to make it yours!
For all enquiries contact or to arrange a private inspection, please contact exclusive selling agents Nelson Alexander Commercial.
