1432 Malvern RoadGlen Iris VIC 3146
Property Details for 1432 Malvern Rd, Glen Iris
Last Listing description (November 2023)
Cushman & Wakefield Melbco Strip Retail team are delighted to present For Sale G01 & G02, 1432-1436 Malvern Road, Glen Iris.
Substantial 316sqm^ corner tenancy prominently positioned on the Malvern Road retail strip with four (4) car spaces include on title
Fully leased to Hacker Australia, a globally renowned German kitchen cabinetry manufacturer producing approximately 7000 kitchens per day
Two separately titled lots offering flexibility to separate in future and maximise rental
5-year lease in place with options as well as strong 3% fixed annual rental increases
No expense spared internal fit-out with stunning floor to ceiling windows throughout as well as high-end internal fixtures and fittings
Highly affluent and captive local residential catchment with median house price above $2,400,000*
High exposure corner location with expansive 30m* frontage to Malvern Road
Well serviced by Gardiner Station as well as the Monash Freeway on-ramp both within close proximity
For Sale by Expressions of Interest Closing Thursday 30 November 2023 at 12pm
Private inspections by appointment only.
*Approx
^GLA
Contact the Melbco Strip Retail team today:
Raphael Favas | 0435 916 380
Karim Ford | 0492 478 830
Eva Ni | 0425 232 942
Property History for 1432 Malvern Rd, Glen Iris, VIC 3146
- 23 Feb 2024Sold for $2,788,000
- 26 Oct 2023Listed for Sale Contact Melbco Strip Retail team today
- 03 Feb 2022Listed for Sale Contact Agent
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0About Glen Iris 3146
The size of Glen Iris is approximately 8 square kilometres. It has 26 parks covering nearly 8.7% of total area. The population of Glen Iris in 2011 was 24,948 people. By 2016 the population was 25,253 showing a population growth of 1.2% in the area during that time. The predominant age group in Glen Iris is 40-49 years. Households in Glen Iris are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glen Iris work in a professional occupation. In 2011, 71% of the homes in Glen Iris were owner-occupied compared with 68% in 2016.
Glen Iris has 13,239 properties. Over the last 5 years, Houses in Glen Iris have seen a 24.50% increase in median value, while Units have seen a 1.82% increase. As at 31 July 2024:
- The median value for Houses in Glen Iris is $2,356,974 while the median value for Units is $729,057.
- Houses have a median rent of $985 while Units have a median rent of $550.
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