2/141 Waverley Road,
Malvern East, VIC 3145

Shops & Retail • Offices • Medical & Consulting

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Circa 5.9% Yield | Prime 50 SQM Gem Near Monash University

The Property
* 50 sqm multi-functional retail space
* Commercial 1 zone
* Tenanted investment occupied by Mingka Head Spa
* Classy glass frontage
* Herringbone timber flooring provides style and elegance
* An inviting entry plus 2 enclosed offices and a storage room
* Internal sink/kitchenette
* External shared bathrooms

The Investment
* Tenanted investment returning $25,740 per annum net
* Tenant pays all outgoings
* 3 year term commenced 1st of February 2024
* 1 month rent free
* 4.5% annual reviews per annum
* 2 x further terms of 3 years
* Established tenant with a stronghold over the head and scalp treatment marketplace

The Location and Further Info
* Ground floor to "Campus walk 2" a Student Housing Australia precinct
* 450m from Monash University
* Surrounded by Food operators such as Gujju's Cafe, Mae, & L'Olivo
* Nearby national retailers include McDonalds, Subway, IGA, and Camp Australia
* Caulfield Train station 500m away
* 1.2km from Caulfield Racecourse and the Melbourne Racing Club

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