Cushman & Wakefield Melbco Strip Retail are delighted to exclusively present For Sale 196 Glenferrie Road, Malvern.
- A 100% leased freehold on the iconic Glenferrie Road retail strip situated on flexible Commercial 1 Zoning (C1Z).
- Non-discretionary organic grocery tenant in place with 25+ years’ experience on Glenferrie Road
- 5-year lease in place to ‘Organically Grown’, a long-standing local institution returning $97,924pa net (plus GST & Outgoings less land tax) as at July 2024 with attractive 4% annual increases.
- Prime Glenferrie Road frontage with public car parking at the rear.
- Perfectly positioned in the heart of Glenferrie Road, surrounded by national retailers including Coles, Yo-Chi, Grilld, Westpac Bank, NAB & Commonwealth Bank.
- Outstanding location within walking distance to an array of iconic restaurants, bars, cafes, and high-end retail.
- Well connected by public transport including Malvern Train Station (570m*) and Glenferrie Road tram route on your doorstep.
- Affluent local demographic with a surrounding median house price in both Malvern and Armadale well in excess of $2.5m.
For Sale by Public Auction on Wednesday 24 April at 12:30PM On-Site.
Private inspections by appointment only.
Contact the agents below:
Cushman Wakefield Melbco
Raphael Favas | +61 435 916 380
Karim Ford | +61 492 478 830
George Davies | +61 421 799 489
Barry Marshall Real Estate
Barry Marshall | +61 419 161 465
- Inner East Melbourne
