Grandfield Property Group is pleased to offer this prime freehold investment located at 801A Dandenong Road, Malvern East for Immediate Private Sale.
Well located in the sought-after blue-chip Malvern East area in close proximity to Monash University Caulfield Campus and Caulfield Racecourse, this freehold opportunity offers excellent investment with long-term lease.
Key attributes of this prime investment include:
* Located on the ground floor of the iconic “Vanguard Apartments”
* Fully leased to Owners Corporation used as residential gym
* Current annual net rental income of $101,661 + GST with fixed annual increase
* Area: 237 m2 ^
* 2 basement car parks
* 322 architecturally designed residential apartments directly above
* The only dedicated gym facility in the building for residents and Sebel Hotel directly above
* Outstanding public transport including Caulfield Railway Station located 450m^ away and tram stop providing direct access to CBD