Exceptional Retail Investment On Blue Chip Corner

1617 malvern road, malvern vic

Price on Request

  • Secure 5 year lease + options to 2032
  • Fixed 4% increases
  • Strategic high profile corner

Property Details

Secure 5 year lease to 2022 plus options to 2032.
Fixed 4% increases - assuring rental growth.
447 sqm building area - combined retail frontage of 30m.
Snap Fitness: Global health club with more than 1,500 locations worldwide.
Long-established successful tenant, operating 3 locations in Glen Iris, Armadale & Preston.
Lessee pays all usual outgoings as per the lease.
Important 8 designated car spaces on-title.
Perfectly positioned on the corner of major thoroughfares Burke and Malvern Roads offering rare exposure to 55,000 vehicles passing daily.
Gardiner Railway Station 220m away – 217 public car parks.
Premier blue chip location surrounded high profile retailers, situated on tram line with immediate access to Monash Freeway.
Glen Iris: Tree-lined, prestigious suburb of Melbourne and highly sought after location with a median house price of almost $2m.
Rent: $163,674 pa

Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 447 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC002578

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E reception@burgessrawson.com.au

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