Generational Glen Iris Warehouse on Rare Major Landholding

22-26 Weir Street, Glen Iris

A generational opportunity to acquire a rare Glen Iris warehouse on a major landholding in the sought-after suburb has hit the market.

Fitzroys’ Chris Kombi, Marco Sandrin and Ben Liu are marketing 22-26 Weir Street, Glen Iris on behalf of a private owner. The campaign marks the first time the property has been offered for sale in 70 years.

Expressions of Interest close Wednesday, 26 March at 3pm.

The property comprises a highly versatile open-plan warehouse plus office of 1,100sqm, on a well-proportioned landholding of 1,510sqm with 12 on-site car parks and a commanding street frontage of 35.47m.

“This is a genuine generational opportunity positioned within one of Melbourne’s most tightly held and highly sought-after commercial pockets,” Kombi said.

“We’re expecting interest from occupiers, investors, value-add players and developers given the scarcity of the offering, its functionality and high connectivity.

“Occupiers have the chance to be ideally positioned to service the surrounding suburbs and Melbourne’s south-east, while investors, value-add players and developers will recognise the strong demand that exists from tenants to gain a foothold in a location like this.”

He said the property is just off Tooronga Road and next to the Monash Freeway/CityLink, and is directly opposite Mitre 10 and next to Hertz and Bounce Inc., only metres from Tooronga Railway Station, within the Glen Iris commercial pocket located just 10 kilometres south-east of the Melbourne CBD.

It is also within walking distance to Malvern Road’s popular lifestyle precinct and Tooronga Village shopping centre, home to Coles, First Choice Liquor, Dymocks, Amcal and eateries.

“The property presents an incredibly rare landholding of this size in a strategic location surrounded by a number of Victoria’s most prestigious and highly-valued suburbs including Toorak, Malvern, Armadale, Hawthorn East and Camberwell,” Sandrin said.