Shop 1/1312 Malvern Road Malvern VIC 3144

Burgess Rawson and Killen Thomas are delighted to offer to the market, Cosmetic Avenue in this tightly held Malvern location for sale via Burgess Rawson's portfolio auction in Melbourne on the 7th of December 2022.

+Secure 5-year lease to 2024 with a further option to 2029
+Cosmetic Avenue: Cosmetic practice of the year award winners in 2019 and 2020, with 5 star google ratings from 1,189 reviews.
+Fixed 3% annual rent increases, assuring future rental growth
+Investor preferred net lease terms with the tenant responsible for all usual outgoings as per the lease
+Prominent frontage to Malvern Road and exposure to 18,700 vehicles passing daily.***
+Set and forget premium investment in one of Melbourne's most desirable locations
+Strategically positioned in Malvern's medical precinct, walking distance from Cabrini Hospital (Malvern) and Dorevitch Pathology
+Surrounded by important social infrastructure including 12 schools, servicing 7,500 students within a 2km radius.***
+Malvern: affluent inner-city, blue-chip Melbourne suburb with a median house price of $3,305,000**
+Net Income: $55,726 pa + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 7th December 2022
Crown Casino, Melbourne

*approx.
** forecast id.
*** gap maps