Significant Development Asset With Strong Income

Facey Property is proud to offer this property For Sale by way of Expression of Interest closing Thursday, 23rd June at 4pm.

Positioned in Glen Waverley’s activity centre, the property sits on 627 square metres of land with 616 square metres of building area over two levels.The building has a strong tenancy profile, with four lease agreements in place providing passing income of $227,415 per annum.

Positioned in a Commercial 1 Zone, the property is well suited to be redeveloped in the future, with an array of uses suiting the site. This opportunity is attractive for developers and investors, with a strong passing income and significant development upside with a structure plan encouraging six levels.

Unparalleled amenities surround the site including the Glen Waverley Train Station, The Glen Shopping Centre, Century City, Galleria Apartments & Sky Garden.

Enquire at www.faceyproperty.com.au to make your next move.