264 Glenferrie Road,
Malvern, VIC 3144
Shops & Retail • Offices • Showrooms & Large Format Retail
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Sold on
Stonebridge Property Group - Melbourne
Level 19, 627 Chapel StreetSOUTH YARRA, VIC 3141
264 Glenferrie Road
Malvern, VIC 3144
Map of 264 Glenferrie Road
Blue Chip Malvern Investment Leased by 2 Longstanding Commercial Tenants
- Favourable Net Leases
- Strong Tenant Retention
- 4% Annual Rent Increases
Stonebridge Property Group is pleased to present for sale 264 Glenferrie Road, Malvern.
The key highlights of the opportunity include:
- A 100% leased commercial freehold located in a tightly held and proven retail position at the intersection of Glenferrie Road & the internationally recognised High Street
- Occupied by two longstanding tenants (10+ years) who have recently renewed for further terms
- HoneyBee Toys, who have anchored the property since 2010, lease the ground floor space on a 6-year lease to 2028
- The Grand Illusion has occupied level 1 of the property since 2013 and currently lease the property on a brand new 5-year term to 2028
- Commercial leases across both levels ensure that 100% of the building outgoings** are recoverable (i.e. a cost to the tenant)
- The versatile freehold spans 209 sqm* of Commercial 1 Zoned land and enjoys rear lane access off Stanhope Street
- Located on the prestigious Glenferrie Road retail precinct near the intersection of High Street, anchored by major supermarkets, national retailers & public transport (tram & train)
- Bordering Glenferrie Road are the affluent suburbs of Malvern and Armadale, both suburbs boast median house prices north of $2.5m - highlighting a high level of wealth & demand within the immediate area
- Providing favourable 4% annual increases
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 5...
Rorey James
0439 400 0...
Sarah Xi 席子棠
0468 320 2...
*Approximately
**Outgoing recovered as per the lease agreements
Property Code: 776
The key highlights of the opportunity include:
- A 100% leased commercial freehold located in a tightly held and proven retail position at the intersection of Glenferrie Road & the internationally recognised High Street
- Occupied by two longstanding tenants (10+ years) who have recently renewed for further terms
- HoneyBee Toys, who have anchored the property since 2010, lease the ground floor space on a 6-year lease to 2028
- The Grand Illusion has occupied level 1 of the property since 2013 and currently lease the property on a brand new 5-year term to 2028
- Commercial leases across both levels ensure that 100% of the building outgoings** are recoverable (i.e. a cost to the tenant)
- The versatile freehold spans 209 sqm* of Commercial 1 Zoned land and enjoys rear lane access off Stanhope Street
- Located on the prestigious Glenferrie Road retail precinct near the intersection of High Street, anchored by major supermarkets, national retailers & public transport (tram & train)
- Bordering Glenferrie Road are the affluent suburbs of Malvern and Armadale, both suburbs boast median house prices north of $2.5m - highlighting a high level of wealth & demand within the immediate area
- Providing favourable 4% annual increases
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 5...
Rorey James
0439 400 0...
Sarah Xi 席子棠
0468 320 2...
*Approximately
**Outgoing recovered as per the lease agreements
Property Code: 776
Property ID: 504428124Last Updated: 14 Dec 2023
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
More properties from Stonebridge Property Group - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
255 - 263 Glenferrie Rd,Malvern, VIC 3144 1 m²Shops & Retail • Medical & Consulting • Showrooms & Large Format Retail
Contact Agent
1-3, 5-7 & 15 Weir Street,Glen Iris, VIC 3146 6151 m²Shops & Retail • Development Sites & Land