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33-37 Railway Parade North, GLEN WAVERLEY, VIC 3150
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INVESTMENT WITH UPSIDE

33-37 Railway Pde North, Glen Waverley could be one of the most strategic opportunities to come to market within the GWAC (Glen Waverley Activity Centre). The opportunity comprises of a fully tenanted two-level freehold retail and mixed-use building.

It has all the ingredients for the savvy property play:

• Strong income with established tenants

• Triple fronted land holding

• Significant development upside

• Hard to beat location opposite the areas most active transport hub

• Approx 100m from new renovated Glen Shopping and entertainment precinct

Existing rental is divided across 6 tenants with a passing income of $370,547 pa approx with outgoings and GST being paid by majority of the tenants.

With a land size of 635m2 approx.

The property benefits from a favourable Commercial 1 Zone allowing commercial, retail, medical, educational, and residential uses. Sitting within excellent proximity to the recently redeveloped The Glen Shopping Centre and the Glen Waverley Train Station, 33-37 Railway Parade North provides an outstanding opportunity for investors with future appetite for high-density development.

AUCTION FRIDAY 26TH AUGUST 1PM ON-SITE

For further information, please contact:

Ryan Trickey 0400 380 438

Will Jonas 0422 883 011

Remember to mention you found this property on DevelopmentReady

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