Impressive Side By Side Investments – 1 Remaining!

1489 Malvern Road – JUST SOLD

1491 Malvern Road - FOR SALE

• Brand new 6 x 6 year lease to successful, long established café tenant trading as “Mr Foxx”
• Returning $104,200 per annum plus GST
• Fixed annual rental increases
• Tenant pays all usual outgoings
• Commercial 1 zoned land holding of 224m2* with rear access
• Huge corner frontage of almost 60 metres to Malvern Road and Creswick Street
• Nestled within one of Australia’s most affluent municipalities (Stonnington), Glen Iris is immediately surrounded by the prestigious suburbs of Toorak, Malvern and Armadale, further enhancing the property’s appeal and strong underlying land value
• Walking distance to Tooronga and Gardiner train stations and tram services at doorstep
• Just 7km* from Melbourne’s CBD with convenient access to CityLink / Monash Freeway, via Tooronga Road entrance

This strategically located property will benefit from the recent influx of nearby residential developments, with more planned for the area which will further underpin the viability and growth in values of properties within Malvern Road’s commercial precinct.

For further information on 1491 Malvern Road, Glen Iris or to arrange an inspection, please contact Fitzroys selling agents Chris Kombi, Lewis Waddell or Ben Liu.

*approx.

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