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55-57 Railway Parade North Glen Waverley VIC 3150

  • Retail
  • 379 m²
  • Commercial Auction

A GOLDEN RETAIL CORNER SURROUNDED BY MAJOR COUNCIL CAR PARK AND OPPOSITE GLEN WAVERLEY TRAIN STATION

  • Leased to national tenant IMB Bank
  • Corner Position With 3 Street Frontages
  • Demolition Clause for Future Development

+ Highly exposed triple fronted retail corner in the heart of Glen Waverleys Activity Centre, supported by in excess of 2,300 car parks to accommodate the huge influx of pedestrians who migrate to this 24-hour retail and lifestyle precinct

+ Less than 100m* from both The Glen Shopping Centre (undergoing a $500m redevelopment) and the Glen Waverley Train Station, which provides direct access to the CBD and Melbournes most affluent suburbs

+ Fully leased to longstanding national tenant IMB Bank (48 stores, 190,000 members*), providing a net annual income of $253,538* + GST + Outgoings (after land tax) with fixed 5% annual rental increases

+ Fronting a side & rear laneway which are set for an overhaul, with the Galleria development to the rear (15 levels) incorporating 9 retail shops onto this walkway, linking pedestrians from Railway Parade North through to The Glen Shopping Centre

+ And all of this is not just for the investor! Favourable clauses within the existing lease allow for the development of commercial, retail, hotel, residential or mixed use (STCA)

FOR SALE VIA PUBLIC ON-SITE AUCTION THURSDAY 12TH DECEMBER AT 2.30PM

Rorey James
+61 439 400 081

Jing Jun Heng
+61 411 059 116

Chao Zhang
+ 61 411 625 068

*approx

Auction date and time12/12/2019 02:30
Auction location55-57 Railway Parade Nth, Glen Waverley

Property Highlights

Property ID2015858899
Floor Area379 m²
Land Area379 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  11 Nov 2019
Map for 55-57 Railway Parade North Glen Waverley VIC 3150
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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