Gorman Commercial FOR SALE

269 Glenferrie Road, Malvern

auction

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 Custom Lighting and the Malvern Town Hall.

Listing Highlights

  • Prime corner location with parking
  • Combined income: $99,400 pa net
  • Future development potential (STCA)

Property Details

Asset Type
Retail
Building Area
208 m2*
Price
Contact Agent

Stephen Gorman

0418 321 828

sgorman@gormancommercial.com.au