54-56 Commercial Road, Prahran, VIC 3181

Offices | Retail | Medical

Sold

  • Property ID: 359281
  • Floor Area: 412m²
  • Land Area: 230m²
  • NBN Availability: Build Commenced
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 412m2 230m2 Contact Agent
HIGH PROFILE INVESTMENT WITH OPPORTUNITY TO REDEVELOP

Morley is pleased to offer this New York warehouse-style two level building in the heart of Prahran, with solid current income as well as an opportunity for apartment development (concept plans available). Public transport, Fawkner Park and Prahran Market are on your doorstep. This reliable investment has three leased spaces with long term tenants - a gym on the ground floor and two apartments upstairs.

• Land area: 230m2 approx
• Building area: 412m2 approx
• Income generating $107,807 per annum (approx.)
• Potential to purchase the property with the upstairs area vacant
• Front and rear access
• Highly advantageous Residential Growth Zone 1

Property profile and video link available.

Tom Larwill
0411 326 165
tlarwill@morleycommercial.com.au

Andrew Morley
0418 319 443
amorley@morleycommercial.com.au

Prahran Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $312 ---
Offices $8197 $468 5.71%
Retail $10265 $445 4.33%
This is the average advertised price, rent and yield for Prahran, VIC 3181*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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