- Income: $82,000 pa + GST + outgoings
- New Five (5) year lease
- Quality two-level building of 221 sqm
Description
Gorman Commercial is pleased to offer 99 Glenferrie Road, Malvern for sale by way of Public Auction on Thursday 15th October at 12pm on-site.
The property represents an exceptional retail investment opportunity located within one of Glenferrie Road, Malvern’s best performing retail and hospitality precincts.
The key highlights are:
- Versatile two-level retail freehold building of 221 sqm*, comprising ground & first floor modern restaurant space
- Secure income stream of $82,000 pa + GST + outgoings
- New five (5) year lease commencing 15th March 2026
- Commercial 1 zoned land holding of 211sqm
- Rear access and on-site parking for 4 cars
- Highly impressive internal hospitality fit out with multiple seatings areas, private function room and multiple kitchen& preparation areas.
- Situated within the heart of Glenferrie Road’s hospitality precinct, with multiple well-renowned tenants nearby, including Australian Venue Co’s brand new Gardiner Hotel, Sugo, Harvie, Uosan, Eden Espresso, and The Angel of Malvern.
- Strategically positioned close to Wattletree Road and directly adjacent to Malvern Central Shopping Centre and within walking distance to Coles, Dan Murphy’s and multiple large council car parks.
- The location is further underpinned by a local affluent demographic and supported by excellent public transport, such as Malvern train station within walking distance and multiple tram lines.
*Approx.