Prime Freehold Investment
801A Dandenong Road, Malvern East, VIC 3145
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