A premium multi-tenanted freehold, with a valuable 9 metre* frontage to the prime trading section of Glenferrie Road, and tenanted by two long standing, highly regarded tenants with strong rental growth potential.
Key features include:
+ Located in a prime section of Glenferrie Road Malvern – one of Melbourne’s most well regarded retail strip centres, underpinned by an exceptionally strong socioeconomic catchment with a high proportion of high-income households.
+ Valuable frontage of 9 metres* – a rarity along retail strips and a comparative standout feature enhancing the property’s rental and capital value.
+ Outstanding public transport amenity; moments from rail and tram options.
+ Diversified income from two long term tenants – Roxanne Fashions & Melbourne Taekwondo.
+ Combined income of $149,325 per annum plus GST & outgoings.
+ Strong future rental growth potential.
+ Rear access with undercroft parking for three cars.
+ Council car parking for circa 80 cars at the rear of the property.
+ Future development potential (STCA).
For sale by public auction on Wednesday 1st December at 2:30pm on site.
* denotes approx.
For further information on this sale, contact the exclusive selling agents.