1616 High Street Glen Iris, 3146 VIC

Own both and enjoy a profitable future

Boasting a high-profile position with plenty of passing traffic to attract customers, this is a fantastic opportunity to own a commercial property and a separate residence to maximise your returns or grow your portfolio.

Just metres from the tram, train and Monash Freeway with plenty of car parking at the rear, the ground floor shop front is approximately 38 sq m with a bathroom; ideal as an office or boutique retail outlet.

Upstairs, the original period-style 3 bedroom apartment is neatly comfortable, yet ripe for renovation.

Set on 210 sq m approx. and sharing one title, invest for the opportunity to secure two rental income streams or choose to establish your business while enjoying cashflow from upstairs. Alternatively, start from scratch and redevelop into a new commercial and residential building (STCA).

* A shop front and upstairs apartment all on the one title
* A high-profile position, metres to the tram, train & freeway
* Plenty of car parking behind
* Retail/office space is 38 sq m approx. with a bathroom
* Currently leased for the next 12 months
* Original 3 bedroom apartment upstairs with potential to update
* On 210 sq m approx.

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Inspection of this property is available strictly by arrangement only.

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