Feature Property

269 Glenferrie Road, MALVERN, VIC

Auction: 21st May, 2021 at 12:00 pm

Building Area: 208 sqm

IRREPLACABLE MALVERN CORNER

Outstanding two-level prime corner location with on-site parking adjoining the council car park.

Auction: Friday 21st May at 12 noon on-site

Key property features include:

Ground Floor:
* Lease: 4 + 4 years
* Income: $60,000 pa net
* Rent Review: Fixed 3% annually

First Floor:
* Lease: 3 + 3 years
* Income: $39,392 pa net
* Rent Review: Fixed 3% annually

* Total combined income: $99,400 pa net
* Two (2) separate tenancies
* Development potential in the future (S.T.C.A.)

Located near the corner of High Street opposite Beacon Lighting and the Malvern Town Hall.

Contact Details

Jonathon McCormack
jmccormack@gormancommercial.com.au
0418 835 885

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