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Retail

1598-1600 High Street Glen Iris, VIC 3146

Sold on 16 May 2017
  • Building: 385m²
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Retail in Glen Iris

RECENT PRICE DROP!

  • Building: 385m²

This stand alone 2 Storey commercial building situated on the vibrant corner of High Street Road and Malvern Road.
Zoned C1Z this multiple tenanted property on single title is to be sold as one also offering an additional opportunity with add value potential for a future multi-storey development (STCA). An asset of this calibre is often sought but rarely found. Total prospective income $127,679 Net.

Key Points:

  • Total land area 270m2 approx.
  • Total building area 385m2 approx. (currently divided into 3 tenancies)
  • Ample street parking (all day)
  • Heating and Cooling throughout
  • Prime and high exposure corner location
  • Future development potential for multi storey building (concept plans available on request).

PROPERTY DESCRIPTION:
Ground floor 1 & 2 / 1598 1600 High Street:
• Lease: Three( 3) years commenced April 2015
• Further Terms: Two (2) further terms of three (3) years
• Rental: $46,679 p/a + GST + o/g
• Building size: 106m2 approx.

Ground floor 1743 Malvern Road:
- Lease: Two (2) years commenced March 2017
- Rental: $29,000 p/a + GST (Gross Lease)
- Building Size: 71m2 approx.

First Floor Office 1/1743 Malvern Road:
- Building Size: 174m2 approx.
- 2 allocated car spaces in lock-up garage
- Great exposure with signage opportunity
- Vacant possession Owner currently negotiating further potential income of $55,000 p/a + GST + o/g approx.

To obtain further information, or to arrange an inspection, please contact the exclusive sales and marketing agents.

George Kelepouris 0425 798 677
Ryan Amler 0401 971 622

Building:

385m²

Categories:

Retail, Offices

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