Surrey Hills freehold property for sale

A freehold property which in Surrey Hills in Melbourne's east is being marketed towards investors and owner-occupiers.

It has been the home to a GP for over 40 years. The current rental is $50,000 per annum on a monthly term.

The 180 sqm, two storey property at 922 Riversdale Road last traded for $60,000 in 1980.

It sits on a 252 sqm site zoned commercial 1.

Teksa Carson agents Fergus Evans and Michael Ludski are marketing the property for a May 23 auction.

Evans says the property is being offered an excellent investment or owner occupier opportunity in a tightly held precinct featuring a wide range of commercial office buildings, retail boutiques and restaurants.

"The property would suit a range of buyers and uses under the Commercial 1 zoning, including prior use rights, with excellent potential for capital growth in a prime location in one of Melbourne’s most popular and tightly held retail precinct."

"The property benefits from ample amenity in the immediate vicinity and outstanding educational institutions nearby, as well as access to major arterial routes including Riversdale Road and Warrigal Road,’’ Mr Evans said.

Ludski said he expected a high level of enquiry given recent strong interest in similar properties in the inner east.

"Well located properties in the inner east are very much in demand from small investors and owner-occupiers looking for strong market fundamentals,’’ Mr Ludski said.

He said the property’s close proximity to the CBD, freeways and public transport were additional attributes that would prove advantageous to any purchaser.