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1487 Malvern Rd 1,539 SF Retail Condo Unit in Glen Iris, VIC 3146
Investment Highlights
- Four-level mixed-use building comprising ground-floor commercial retail tenancies and multiple upper-level apartments.
- Strong accessibility: tram services at doorstep, Gardiner & Tooronga Stations nearby, and immediate freeway connectivity.
- Prominent Malvern Road frontage with high exposure, embedded within a vibrant lifestyle and transport corridor.
Executive Summary
1487 Malvern Road represents an appealing mixed-use freehold asset, positioned in Melbourne’s thriving inner-east corridor. This high-profile building integrates ground-floor retail/commercial space with three upper levels of residential apartments.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 1 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 1 |
Description
1487 Malvern Road presents an exciting blank canvas commercial opportunity in a highly coveted Glen Iris location, positioned along one of Melbourne’s most established inner-east retail corridors. Offering approximately 143 m² of ground-floor retail space, this versatile property is suited to a range of potential uses including retail, service-based businesses, or hospitality (STCA).
The tenancy features high-visibility frontage to Malvern Road, combined with excellent functional attributes such as a brand-new grease trap, 3-phase power, and ducting access for commercial kitchen extraction systems, giving food and beverage operators a head start. Additional perks include rear delivery access, a secure storage room, and an on-title car space, providing logistical ease and convenience for occupiers.
Zoned Commercial 1 (C1Z), the property offers flexibility for adaptive re-use or bespoke fit-out, making it an attractive proposition for owner-occupiers or investors seeking a premium position in a high-demand location. Surrounded by quality retailers, cafés, services, and well-established residential communities, this asset is exceptionally well-positioned for long-term value and rental growth prospects.
The tenancy features high-visibility frontage to Malvern Road, combined with excellent functional attributes such as a brand-new grease trap, 3-phase power, and ducting access for commercial kitchen extraction systems, giving food and beverage operators a head start. Additional perks include rear delivery access, a secure storage room, and an on-title car space, providing logistical ease and convenience for occupiers.
Zoned Commercial 1 (C1Z), the property offers flexibility for adaptive re-use or bespoke fit-out, making it an attractive proposition for owner-occupiers or investors seeking a premium position in a high-demand location. Surrounded by quality retailers, cafés, services, and well-established residential communities, this asset is exceptionally well-positioned for long-term value and rental growth prospects.
Sale Notes
GormanKelly proudly presents 1487 Malvern Road, Glen Iris for sale or lease—a rare opportunity to secure a premium ground-floor commercial space of 143 m² in Melbourne’s blue-chip inner east. Offered with vacant possession, the property provides a highly flexible blank canvas, allowing occupiers and investors to customize for retail, hospitality, or service-based uses.
Benefiting from its strategic location on busy Malvern Road, this site delivers maximum brand exposure supported by heavy pedestrian and vehicular traffic and excellent connectivity via tram services, immediate freeway access, and proximity to Gardiner Station.
This property is further enhanced by modern infrastructure improvements, including a brand-new grease trap, 3-phase power, and ducting access for extraction fans—ideal for a hospitality application. Rear access and one dedicated car park complement the on-site storage space, ensuring operational efficiency.
Benefiting from its strategic location on busy Malvern Road, this site delivers maximum brand exposure supported by heavy pedestrian and vehicular traffic and excellent connectivity via tram services, immediate freeway access, and proximity to Gardiner Station.
This property is further enhanced by modern infrastructure improvements, including a brand-new grease trap, 3-phase power, and ducting access for extraction fans—ideal for a hospitality application. Rear access and one dedicated car park complement the on-site storage space, ensuring operational efficiency.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 1,539 SF | Retail | Upon Request | - |
-
| Unit Size |
| 1,539 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
1 of 0
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-
| Unit Size | 1,539 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 1 |
| Description | |
| 1487 Malvern Road presents an exciting blank canvas commercial opportunity in a highly coveted Glen Iris location, positioned along one of Melbourne’s most established inner-east retail corridors. Offering approximately 143 m² of ground-floor retail space, this versatile property is suited to a range of potential uses including retail, service-based businesses, or hospitality (STCA).<br> <br> The tenancy features high-visibility frontage to Malvern Road, combined with excellent functional attributes such as a brand-new grease trap, 3-phase power, and ducting access for commercial kitchen extraction systems, giving food and beverage operators a head start. Additional perks include rear delivery access, a secure storage room, and an on-title car space, providing logistical ease and convenience for occupiers.<br> <br> Zoned Commercial 1 (C1Z), the property offers flexibility for adaptive re-use or bespoke fit-out, making it an attractive proposition for owner-occupiers or investors seeking a premium position in a high-demand location. Surrounded by quality retailers, cafés, services, and well-established residential communities, this asset is exceptionally well-positioned for long-term value and rental growth prospects.</li></ul> | |
| Sale Notes | |
| GormanKelly proudly presents 1487 Malvern Road, Glen Iris for sale or lease—a rare opportunity to secure a premium ground-floor commercial space of 143 m² in Melbourne’s blue-chip inner east. Offered with vacant possession, the property provides a highly flexible blank canvas, allowing occupiers and investors to customize for retail, hospitality, or service-based uses.<br> <br> Benefiting from its strategic location on busy Malvern Road, this site delivers maximum brand exposure supported by heavy pedestrian and vehicular traffic and excellent connectivity via tram services, immediate freeway access, and proximity to Gardiner Station.<br> <br> This property is further enhanced by modern infrastructure improvements, including a brand-new grease trap, 3-phase power, and ducting access for extraction fans—ideal for a hospitality application. Rear access and one dedicated car park complement the on-site storage space, ensuring operational efficiency.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 21,087 SF | Floors | 4 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 5,382 SF |
| Property Subtype | Apartment | Tenancy | Single |
| Building Class | C | Lot Size | 0.16 AC |
| Total Building Size | 21,087 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 5,382 SF |
| Tenancy | Single |
| Lot Size | 0.16 AC |
1 of 11
Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
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1487 Malvern Rd
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