OVERVIEW

Cushman & Wakefield Melbco Strip Retail are delighted to exclusively present For Sale 196 Glenferrie Road, Malvern.

- A 100% leased freehold on the iconic Glenferrie Road retail strip situated on flexible Commercial 1 Zoning (C1Z).

- Non-discretionary organic grocery tenant in place with 25+ years’ experience on Glenferrie Road

- 5-year lease in place to ‘Organically Grown’, a long-standing local institution returning $97,924pa net (plus GST & Outgoings less land tax) as at July 2024 with attractive 4% annual increases.

- Prime Glenferrie Road frontage with public car parking at the rear.

- Perfectly positioned in the heart of Glenferrie Road, surrounded by national retailers including Coles, Yo-Chi, Grilld, Westpac Bank, NAB & Commonwealth Bank.

- Outstanding location within walking distance to an array of iconic restaurants, bars, cafes, and high-end retail.

- Well connected by public transport including Malvern Train Station (570m*) and Glenferrie Road tram route on your doorstep.

- Affluent local demographic with a surrounding median house price in both Malvern and Armadale well in excess of $2.5m.

 For Sale by Public Auction on Wednesday 24 April at 12:30PM On-Site.

 Private inspections by appointment only. 

 Contact the agents below:

 Cushman Wakefield Melbco

Raphael Favas | +61 435 916 380  

Karim Ford | +61 492 478 830 

George Davies | +61 421 799 489

Barry Marshall Real Estate

Barry Marshall | +61 419 161 465

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