Educated buyers to line up for Glenvale School

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Colliers International will offer by Expressions Of Interest, the Glenvale School’s Melton campus at 1-3 Killarney Drive, Melton.

The Glenvale School is a private multi-disciplinary, fully accredited school property for children aged 3 to 12 years.

Currently housing 160 students and 22 staff, this quality built school has been outgrown by its current occupants and presents a unique offering to those in the education, aged care or the child care industry, according to Colliers.

A Colliers spokesperson said key features included:

  • Multiple classrooms, woodwork & food tech rooms, administration office, fully accredited canteen
  • Comprehensive IT system integrated throughout all buildings with cloud based teaching platforms accommodating 150 students
  • Secure site with three gated access points
  • Zoned Low Density Residential Zone (LDRZ)
  • Located within Melbourne’s booming Western corridor

"This is a fantastic opportunity to secure a prime facility with excellent configuration and fitout plus IT and security equipment," the spokesperson added.

Expressions of Interest for this rare offering close on Friday, 20th July at 4pm.

Melbourne medical development option sold

A prime development/medical opportunity has been sold by Melbourne commercial agents Sutherland Farrelly via a huge Expressions of Interest campaign.

The property, which has a street frontage of 22.80 metres and depth of 45.72 metres, totalled over 1000sqm and was improved with a 250sqm (approx.) building which is currently utilised as a medical clinic.

Leased until October 2019, the property brings in a passing income of approx. $54,636 per annum, and with its Mixed Use zoning, could be developed into a townhouse or apartment complex subject to council approvals.

Sutherland Farrelly's, Paul Farrelly, said the property's mixed used zoning and proximity to Boronia Railway Station made it a popular options among investors.

High Street Rd freehold goes for over $850k

Offered with vacant posession, a double storey freehold retail shop in a popular High Street Road strip has been sold for $852,000.

Melbourne's Beller Commercial handled the sale, which reflected a 2.8% yield with the current tenancy returning approx. $24,000 per annum.