Malvern Village offers a rare opportunity for investors to acquire a dominant 7 day Specialty Retail Complex in a desirable precinct within close proximity to CBD, together with multitude of developmental options at some future time.
The property is able to boast a valuable corner site of 3,388sqm - contained in 4 Titles - with expansive frontages to Unley Road & Eton Street, versatile building improvements, with 53 dedicated car parks.
As presently configured improvements are adapted to accommodate 15 tenancies of varying areas with a GLA of 1,901 sqm, most of which are leased to very long-standing business operations, predominantly food orientated, with quality internal fit-outs.
Tenants at the Centre include; Dominos, Subway, Zambrero, Chefs of Tandoori, Wok in a Box, Savvas Yiros, Pastagogo, a sushi take-a-way outlet and a new sushi train outlet to shortly open, Bakmi Lim Noodle project, and offices and professional room tenancies.
The Land itself is situated within a URBAN CORRIDOR ZONE - HIGH STREET (UNLEY ROAD) POLICY AREA 20 - in the City of Unley.
This Zone promotes vibrant and intimate pedestrian-friendly mixed use activity and higher density Residential up to maximum of 5 storeys (STNC).
An Information Memorandum which includes summary of existing leases together with synopsis of actual income derived/expenses etc., can be obtained by contacting the Exclusive Selling & Managing Agents.
The property has been held in current ownership for past 14 years and is offered for Genuine Sale by EOI, closing Friday 28th February 2020 at 4.00pm.
Investors, this is AS GOOD AS IT GETS!
Contact Exclusive Selling/Managing Agents; George Zogopoulos; 8410 6444 or 0412 824 278.