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1489 & 1491 Malvern Road, Glen Iris, VIC, 3146

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Properties / Buy / Victoria / Glen Iris

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Closing Tuesday 10th December at 3pm.

Land Area

452 m² (*approx)

Floor Area

220 - 480 m² (*approx)

Property Type

Retail, Offices

Sub-type

Cafe/Restaurant, Mixed Use

Terms

5 + 4 + 4 year lease to established multi-store & 6 + 6 year lease to highly successful, long established café

Fully Leased

Tribe Home & Mr Foxx

Show All

2. Property Highlights

Impressive Side By Side Investments – 1 Remaining!

Brand New 6 Year Lease To Busy Cafe
Returning $104,200 Per Annum
60 Metre* Corner Frontage

1489 Malvern Road – JUST SOLD

1491 Malvern Road - FOR SALE

• Brand new 6 x 6 year lease to successful, long established café tenant trading as “Mr Foxx”

• Returning $104,200 per annum plus GST

• Fixed annual rental increases

• Tenant pays all usual outgoings

• Commercial 1 zoned land holding of 224m2* with rear access

• Huge corner frontage of almost 60 metres to Malvern Road and Creswick Street

- Nestled within one of Australia’s most affluent municipalities (Stonnington), Glen Iris is immediately surrounded by the prestigious suburbs of Toorak, Malvern and Armadale, further enhancing the property’s appeal and strong underlying land value

• Walking distance to Tooronga and Gardiner train stations and tram services at doorstep

• Just 7km* from Melbourne’s CBD with convenient access to CityLink / Monash Freeway, via Tooronga Road entrance

This strategically located property will benefit from the recent influx of nearby residential developments, with more planned for the area which will further underpin the viability and growth in values of properties within Malvern Road’s commercial precinct.

For further information on 1491 Malvern Road, Glen Iris or to arrange an inspection, please contact Fitzroys selling agents Chris Kombi, Lewis Waddell or Ben Liu.

*approx.

Remember to mention you found this property on CommercialReady

Dataroom

Tenanted Investment

1. Property Summary

Property Type

Retail, Offices

Sub-type

Cafe/Restaurant, Mixed Use

Tenant

Tribe Home & Mr Foxx

Terms

5 + 4 + 4 year lease to established multi-store & 6 + 6 year lease to highly successful, long established café

Land Area

452 m² (*approx)

Floor Area

220 - 480 m² (*approx)

Selling Method

EOI

DATAROOM AVAILABLE

Gain Access

EOI Closing Date

10 Dec 2024 03:00PM

Add to calendar

Selling Details

Closing Tuesday 10th December at 3pm.

2. Property Highlights

Impressive Side By Side Investments – 1 Remaining!

Brand New 6 Year Lease To Busy Cafe
Returning $104,200 Per Annum
60 Metre* Corner Frontage

1489 Malvern Road – JUST SOLD

1491 Malvern Road - FOR SALE

• Brand new 6 x 6 year lease to successful, long established café tenant trading as “Mr Foxx”

• Returning $104,200 per annum plus GST

• Fixed annual rental increases

• Tenant pays all usual outgoings

• Commercial 1 zoned land holding of 224m2* with rear access

• Huge corner frontage of almost 60 metres to Malvern Road and Creswick Street

• Walking distance to Tooronga and Gardiner train stations and tram services at doorstep

• Just 7km* from Melbourne’s CBD with convenient access to CityLink / Monash Freeway, via Tooronga Road entrance

For further information on 1491 Malvern Road, Glen Iris or to arrange an inspection, please contact Fitzroys selling agents Chris Kombi, Lewis Waddell or Ben Liu.

*approx.

Remember to mention you found this property on CommercialReady

Dataroom

Tenanted Investment