A commercial auction nearly 60 years in the making will be held at the end of this month as 181 and 181a Glenferrie Road go under the hammer.

Situated in one of Melbourne's most tightly held commercial precincts, its the first time the property has been offered to market in 59 years.

The double-storey commercial freehold comprises 140 square metres of recently renovated ground-floor retail space and a 62-square-metre first-floor office on a 192 square metre plot.

At a glance:

• 181 and 181a Glenferrie Road, Malvern are for sale through Benjamin Klein and Andrew Greenway of Gross Waddell.
• The double-storey commercial freehold comprises 140 square metres of recently renovated ground-floor retail space and a 62-square-metre first-floor office on a 192-square-metre plot.
• An auction for 181 and 181a Glenferrie Road will be held onsite at 12pm on Friday, November 29.

The ground floor is occupied by Save the Children on a three-year lease with an option to extend that began in July, while the office is tenanted to Multiple Wealth Management on a three-year lease which commenced in August.

Neighbouring tenants include Coles, Westpac, ANZ, Commonwealth Bank, Specsavers, Yo-Chi, Chemist Warehouse, and multiple cafes.

Selling agent Benjamin Klein of Gross Waddell said the property has enjoyed a rich history in the area, mainly due to its previous life as a button store.

"Most people would know it as soon as you started talking about the button shop on Glenferrie in Melbourne," he said.

"Tenants always come and go, but its location right near Coles means it will always get traction." 

An auction for 181 and 181a Glenferrie Road will be held onsite at 12pm on Friday, November 29.

For more information, email or phone Benjamin Klein or Andrew Greenway via the details provided below.

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