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Shop 4, 35-43 High Street Glen Iris, VIC 3146

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Shop 4, 35-43 High Street,
Glen Iris, VIC 3146

Shops & Retail • Showrooms & Large Format Retail • Offices
Added 2 days ago

Price information

Sale

$620,000

Key property information

Floor area

Car spaces

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$29,119
Number of Tenants
1 Tenant
Tenants / Type
Her Body Myotherapy

Private inspections

to arrange a private inspection.

Map of Shop 4, 35-43 High Street

Directions
  • Train stations within 5 km of Shop 4, 35-43 High Street, Glen Iris, VIC 3146Distance
    Glen Iris Station706 m
    Darling Station850 m
    Ashburton Station1.4 km
    Alamein Station1.5 km
    Gardiner Station1.5 km
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  • Tram stops within 5 km of Shop 4, 35-43 High Street, Glen Iris, VIC 3146Distance
    53-Malvern Rd/High St (Glen Iris)822 m
    52-Boyanda Rd/High St (Glen Iris)1 km
    51-Burke Rd/High St (Glen Iris)1.3 km
    52-Burke Rd/Wattletree Rd (Malvern East)1.4 km
    50-Burke Rd/Malvern Rd1.5 km
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  • Bus stops within 5 km of Shop 4, 35-43 High Street, Glen Iris, VIC 3146Distance
    Barina Rd/High St (Glen Iris)107 m
    Estella St/Albion Rd (Glen Iris)117 m
    Victor Rd/High St (Glen Iris)124 m
    Mons St/Albion Rd (Glen Iris)182 m
    Saxby Rd/Albion Rd (Glen Iris)285 m
    POWERED BY HERE ©
POWERED BY HERE ©

Prime Retail Investment in Glen Iris

An outstanding investment opportunity in the heart of Glen Iris.

Positioned on a bustling main road, this versatile 65 sqm (approx.) space is perfect for retail, office, showroom, or allied health. With high foot and vehicle traffic, excellent amenities, and strong lease terms, this property is a must-see for savvy investors.

Key Features:

• Building Area: 65 sqm approx.
• Prime Exposure: High Street frontage with significant daily foot and vehicle traffic.
• Modern Amenities: Heating/Cooling, timber floors, abundant natural light, and floor-to-ceiling windows for maximum visibility.
• Fully Fitted: Includes a kitchenette and toilet for staff convenience.
• Secure Parking: 2 secure basement car spaces and storage space
• Leased Investment:
Currently leased to Her Body Myotherapy on a Three (3) year plus Three (3) year lease (commencing 16/10/2023), returning $29,119.92 per annum plus deferral payments of $2,333.33 each due on 16/10/2025 & 16/10/25026 plus outgoings plus GST. The lease includes yearly increases of 4% and a market review for the first year of a the further 3 year term.
• Very low land tax and excellent depreciation opportunity
Outgoings payable by the tenant are approximately:
Council Rates: $1,200
Water Rates: $1,200
Owners Corporation Levy: $1,540
Located in a vibrant commercial hub, surrounded by popular local businesses such as cafes, boutique retailers, and health services. Glen Iris is an affluent suburb, providing a solid customer base. Additionally, the property is well-connected to public transport, including trams and Glen Iris Train Station, both within walking distance.
The property offers easy access to major arterial routes, including the Monash Freeway (M1), which is just minutes away, providing convenient connectivity to Melbourne CBD and surrounding suburbs.
This is a rare opportunity to secure a high-performing property in a thriving area!

Property ID: 504725192Last Updated: 30 Oct 2024

0417 311 0...
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Shop 4, 35-43 High Street
Glen Iris, VIC 3146

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