SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Two Level Freehold on Iconic Glenferrie Road

198 Glenferrie Road , Malvern VIC

Property Highlights

Secure 5 year lease plus options
Fixed Annual 3% Increases
Investor Favoured Net Lease Structure

Description

+ Secure 5 year lease plus options to June 2035
+ Investor friendly lease with tenant paying all usual outgoings as per the lease
+ Fixed annual 3% increases
+ Leased to Pizza888, leading Melbourne Based Pizza chain with multiple locations
+ Two level 189sqm* building including retail and separate first floor apartment
+ 165sqm* site with dual street frontage and car parking on-title
+ Superbly located within Glenferrie Road’s renowned and ever popular dining precinct
+ A proven performing location with minimal tenant changes over the past 20 years
+ Abundance of leading surrounding retail offerings including: Coles, Dan Murphy’s, Grill’d, Yo-Chi, Commonwealth Bank, ANZ and Westpac
+ Malvern: Affluent inner city suburb 11km from the Melbourne CBD with a Median house price of $2,867,500
+ Estimated Net Rent: $71,722 pa + GST

To be sold by Investment Portfolio Auction:?
10:30am (AEDT)
Wednesday 15th December 2021
River Room, Crown Casino, Melbourne

*All areas and figures?approx?only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.?

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
206 SQM
Building Area
189 SQM

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