Stonebridge Property Group is pleased to present for sale 264 Glenferrie Road, Malvern.
The key highlights of the opportunity include:
- A 100% leased commercial freehold located in a tightly held and proven retail position at the intersection of Glenferrie Road & the internationally recognised High Street
- Occupied by two longstanding tenants (10+ years) who have recently renewed for further terms
- HoneyBee Toys, who have anchored the property since 2010, lease the ground floor space on a 6-year lease to 2028
- The Grand Illusion has occupied level 1 of the property since 2013 and currently lease the property on a brand new 5-year term to 2028
- Commercial leases across both levels ensure that 100% of the building outgoings** are recoverable (i.e. a cost to the tenant)
- The versatile freehold spans 209 sqm* of Commercial 1 Zoned land and enjoys rear lane access off Stanhope Street
- Located on the prestigious Glenferrie Road retail precinct near the intersection of High Street, anchored by major supermarkets, national retailers & public transport (tram & train)
- Bordering Glenferrie Road are the affluent suburbs of Malvern and Armadale, both suburbs boast median house prices north of $2.5m - highlighting a high level of wealth & demand within the immediate area
- Providing an annual income of $113,539* + GST with favourable 4% increases
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 594
Rorey James
0439 400 081
Sarah Xi
0468 320 297
*Approximately
**Outgoing recovered as per the lease agreements
Property Code: 776
