** SOLD **
Gross Waddell ICR is pleased to offer to the market this well-positioned retail freehold situated within one of Melbourne's 'blue chip' retail shopping strips.
Key features include:
New 3 year lease to Malvern Travel and Cruise
Rental: $50,000* p.a. plus GST
Lease term: 3 + 3 + 3 years
Annual 3% fixed increases, market review at option(s)
Land area: 162sqm*
Two level building of 114sqm*
Onsite car parking
Benefits from R.O.W. at the rear and direct access to Council carparking
200m* from Malvern Central (Woolworths & David Jones) and diagonally opposite Coles and Dan Murphy's
Surrounded by a plethora of cafes, restaurants, banks, homewares and lifestyle retailers including Optus, Chemist Warehouse, Glick's Bakery, Specsavers and Yo-Chi
The property is to be offered for sale via onsite Public Auction on Wednesday 13th September at 12:30pm.
For further details please contact Gross Waddell ICR directly.
*Approx.
The size of Malvern is approximately 2.9 square kilometres. It has 9 parks covering nearly 4.4% of total area. The population of Malvern in 2011 was 9,502 people. By 2016 the population was 10,071 showing a population growth of 6.0% in the area during that time. The predominant age group in Malvern is 20-29 years. Households in Malvern are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern work in a professional occupation. In 2011, 67.9% of the homes in Malvern were owner-occupied compared with 66.7% in 2016.
Malvern has 6,531 properties. Over the last 5 years, Houses in Malvern have seen a 21.36% increase in median value, while Units have seen a 5.07% increase. As at 31 August 2024:
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