1398, 1400 & 1402 Malvern Road,
Glen Iris, VIC 3146
Shops & Retail • Offices • Medical & Consulting
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Gorman Commercial Real Estate
L1 /415 Riversdale RoadHAWTHORN EAST, VIC 3123
1398, 1400 & 1402 Malvern Road
Glen Iris, VIC 3146
Map
THREE IDEAL RETAIL INVESTMENTS
- 3 securely leased retail shops
- Brand new leases in place
- Popular Glen Iris retail village
Gorman Commercial is pleased to offer 3 shops for sale at 1398, 1400 & 1402 Malvern Road, Glen Iris via Expressions of Interest closing on Wednesday 4th June at 2pm.
Situated at the base of The Maitland, a luxury development home to 19 boutique residences, these 3 retail premises with long leases in place are the perfect set & forget investment opportunity.
1398 Malvern Road, Glen Iris
* 4 year lease to Hear & Clear Care to 2027 plus options
* Current rent: $45,618 pa + GST + outgoings
* Building area: 75 sqm
* Two (2) car parks
1400 Malvern Road, Glen Iris
* 4 year lease to Mila Nail Spa to 2028, plus options
* Current rent: $42,435 pa + GST + outgoings
* Building area: 75 sqm
* Two (2) car parks
1402 Malvern Road, Glen Iris
* 4 year lease to Heathershaw's Pharmacy to 2028, plus options
* Current rent: $119,025 pa + GST + outgoings (as at 15 May 2025)
* Building area: 190 sqm
* Three (3) car parks
With main road frontages and brand new lease terms, these 3 shops are not to be missed.
Available to purchase separately or together.
Situated at the base of The Maitland, a luxury development home to 19 boutique residences, these 3 retail premises with long leases in place are the perfect set & forget investment opportunity.
1398 Malvern Road, Glen Iris
* 4 year lease to Hear & Clear Care to 2027 plus options
* Current rent: $45,618 pa + GST + outgoings
* Building area: 75 sqm
* Two (2) car parks
1400 Malvern Road, Glen Iris
* 4 year lease to Mila Nail Spa to 2028, plus options
* Current rent: $42,435 pa + GST + outgoings
* Building area: 75 sqm
* Two (2) car parks
1402 Malvern Road, Glen Iris
* 4 year lease to Heathershaw's Pharmacy to 2028, plus options
* Current rent: $119,025 pa + GST + outgoings (as at 15 May 2025)
* Building area: 190 sqm
* Three (3) car parks
With main road frontages and brand new lease terms, these 3 shops are not to be missed.
Available to purchase separately or together.
Glen Iris, 3146 demographic data
The median household income for Glen Iris is $2,491, 31% higher than Greater Melbourne's household income of $1,901. Glen Iris has an older age profile compared to the rest of Greater Melbourne (median age 40 vs 37). Property ownership data shows 46% of property owners in Glen Iris have a mortgage.
26,131
Population
$2,491 per week
Median household income
40 years
Median age
Owners
Most residents
Families
Most households
Gorman Commercial Real Estate L1 /415 Riversdale Road
HAWTHORN EAST, VIC 3123
HAWTHORN EAST, VIC 3123
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