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
+ Annual net rental income of $101,661 with fixed annual increase
+ Long term lease
+ 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