1 Edsall Street Malvern VIC 3144

Under instruction from First Valuations Group, CBRE is delighted to exclusively offer for sale the Coles Malvern Operations Centre, a truly unique asset in one of Australia's most highly sought-after retail precincts. This strategic corner landholding is positioned on a 777 sqm* allotment in the heart of Malvern, securely leased to Coles Group, one of Australia's leading and most trusted retailers. The property serves as a vital operational and strategic hub for the directly adjoining Coles, essential for their metropolitan store network surrounded by enduring local affluence.

Investment Highlights:

+ An exceptional opportunity to acquire a premier property anchored by the esteemed Coles Group, situated in the heart of one of Melbourne's most prestigious locales.

+ Coles has been a steadfast tenant for over five (5) decades, underscoring the asset's pivotal role in sustaining the operational excellence of Coles Malvern.

+ Strategically positioned at the intersection of Edsall Street and the Edsall Street Public Car Park, this property boasts a remarkable combined frontage of 71 meters* on an expansive landholding of 777 square meters*.

+ Generating an annual return of $289,688 plus GST and outgoings, the asset is further enhanced by a triple net lease structure in place until 2031, with two (2)
further optional terms of 10 year thereafter.

+ Located in the vibrant heart of Malvern, one of Melbourne's most coveted residential areas, with a commanding median house price of $3,100,000^.

+ The property offers considerable potential for future growth through multi-storey, mixed-use redevelopment opportunities (subject to council approval), making it an enticing prospect for discerning investors.

1 Edsall Street Malvern is offered For Sale via Public on-site Auction Friday, 27th June at 12:30 PM (AEST)

This exceptional investment opportunity is not to be missed. Secure a prime asset in one of Melbourne's most enduring retail areas. For inquiries or to arrange an inspection, please reach out to our team today.

For further information, please contact the exclusive agents at CBRE:

Sam Guest
+61 458 467 482
sam.guest@cbre.com

Jamie Hess
+61 401 356 754
jamie.hess@cbre.com

David Minty
+61 422 564 199
david.minty@cbre.com.au

James Douglas
+61 419 973 245
james.douglas@cbre.com

*Denotes Approx.
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