Ray White Commercial is delighted to present to the market a fantastic investment opportunity located in the heart of popular Malvern East.
Both properties have been recently leased to one prime tenant with further options until 2027!
Property Details:
• Total building area | 170m2 approx.
• Currently returning | $72,100 p/a net
• 5 + 5 Year Lease commenced June 2017
• Over 18m of Prime Exposure to Dandenong Rd
• Fixed annual increases of 3%
• Two (2) undercover on-site car spaces
• Commercial 1 Zone (C1Z)
Located on busy Dandenong Road and at the top of Derby Street, these properties benefit from immense exposure and are situated amongst an array of recognised businesses such as Dan Murphy's, Coles Supermarket, Zagames plus the Iconic Chadstone Shopping Centre less than 4kms away. Malvern East is one of Melbourne's most highly sought after South-Eastern suburbs which makes this investment all the more viable.
The properties are serviced with an abundance of Public Transport consisting of the 3 & 3a Tram travelling from Melbourne University to Malvern East stopping across the road as well as Buses & Trains stopping frequently approximately 100 metres away at Caulfield Train Station.
Terms | 10% deposit and balance due 60 days thereafter.
For further information or to arrange an on-site inspection, please contact one of the exclusive marketing agents:
Paul Rizzo - 0418 688 888
Theo Karkanis - 0431 391 035
