8 BUY ME.
PRIME RETAIL TENANCIES
GLEN IRIS
Martin Huang 0416 161 166 mhuang@jamesgregson.com.au James Gregson 0421 516 480 jgregson@jamesgregson.com.au 0422 211 021 jeremy@astoncommercial.com.au Let me introduce myself.
PRIME RETAIL TENANCIES 8
GLEN IRIS
1437-1443 MALVERN ROAD & 286 TOORONGA ROAD
The Power of 8 - Welcome to this prime corner commercial property offering eight individual tenancies, strategically located at the heart of bustling business activity! This is your chance to secure a lucrative building that promises high foot traffic and excellent visibility.
BUY ME
For Sale by Expressions of Interest closing Thursday 14th September at 3pm
8 TENANCIES ACROSS
SEPARATE TITLES 5
1,273m 2* 1,150m 2*
ZONING
Commercial 1 Zone – C1Z
BUILDING AREA: LAND AREA:
TERMS OF SALE
$504,000*pa ANNUAL RENTAL INCOME OF 10% Deposit with settlement due 60 to 90 days from the day of sale
I’m packed with potential. ADDRESS Tenant Lease Term Options Comm DATE 1437-1439 Malvern Road 3146 Bagels 5 Years 5 + 5 Years 8/03/2023 1441 Malvern Road Skin 365 3 Years 3 Years 27/03/2023 1443 Malvern Road Heatherly Design 3 Years 3 + 3 Years 7/05/2021 286A Tooronga Road Universal Practice 5 Years 5 Years 1/07/2019 286B Tooronga Road J'Adore Botanique 5 Years 5 + 5 + 5 Years 15/12/2021 286C Tooronga Road BFT - Body Fit Training 5 Years 5 Years 15/01/2021 286D Tooronga Road AM Bakehouse 5 Years 5 Years 1/01/2022 28 Staunton Lane Erve Pty Ltd 3 Years 3 Years Upon Settlement The Power of Eight Eight individual tenancies contribute to the $504,283 pa income which spreads vacancy and income risk
Offers huge exposure and frontage for all tenants $
Corner Allotment
Near New
A significant refurbishment and rebuild creates an attractive investment with depreciation benefits
Five Titles
Offers flexibility in ownership, future sell down or development
Annual Increase Rental Building Area/sqm Market Review Security Deposit 4% $65,000.00 119 8-Mar-27 $17,875.00 5% $36,000.00 63 27-Mar-26 $6,600.00 3% $47,740.50 98 7-May-24 $12,375.00 3% $85,538.67 294 1-Jul-24 $20,900.00 3% $92,700.00 220 15-Dec-26 $24,750.00 4% $91,054.13 195 15-Jan-26 $31,166.00 3% $51,250.00 162 1-Jan-27 $13,749.00 4% $35,000.00 156 TBA $8,750.00 $504,283.30 1,307 sqm* $136,165.00
I HOLD EXCELLENT COMPANY.
3146 Bagels
Located at: 1437-1439 Malvern Road
Get a taste of the unexpected at Glen Iris's newest Bagel shop. Also Located in Yarraville.
3146-bagels.com
Skin 365
Located at: 1441 Malvern Road
Apart from the wide range of treatments, Skin365 also emphasizes personalised consultations and tailored treatment plans. The clinic's experts take the time to understand each client's unique concerns, goals, and medical history before recommending the most suitable treatments for them.
skin365melb.com
Heatherly Design
Located at: 1443 Malvern Road
Offering their clients a masterclass in creating a harmonious balance between style and function, Heatherly Design is renowned for its exquisite bespoke bed heads, fully upholstered beds, bespoke footstools, occasional chairs and bedroom furniture to create the ultimate sanctuary to unwind.
heatherlydesign.com.au
Universal Practice
Located at: 286A Tooronga Road
Universal Practice launched in Melbourne in 2016 as a first of its kind medical model – all classes and treatments are lead by qualified Physiotherapists, grounded in science and proven to work. We offer Physiotherapy, Pilates, Strength, Yoga and Meditation in an environment that feels good to compliment wellbeing.
universalpractice.com.au/#who-we-are
AND HIGH ACHEIVERS.
J'Adore Botanique
Located at: 286B Tooronga Road
We sell gorgeous plants and beautiful pots, to enliven and enrich your space. But the core of what we do centres around the need to unite us with the natural world, and surround ourselves with the beauty of nature. Our Glen Iris Warehouse attracts global attention, for its botanical quality and design truth, revealing secrets that entice the imagination while inviting you into the utopia that is the Indoor Plant world
jadorebotanique.com.au
BFT
Located at: 286C Tooronga Road
At BFT, we use science and technology to drive positive outcomes – at all fitness levels. We’ve incorporated scientifically proven training techniques aimed at reducing fat and creating lean muscle into a variety of 50-minute training sessions that are overseen by highly accredited coaches in a dynamic group environment.
bodyfittraining.com/club/malvern
AM Bakehouse
Located at: 286D Tooronga Road
Artisan Baked goods in the heart of Glen Iris. instagram.com/am_bakehouse/
Erve Pty Ltd
Located at: 28 Staunton Lane
This tenancy is used for self storage use, no business is operating out of the tenancy.
I’m a versatile & rare opportunity.
This iconic building has recently been meticulously renovated and extended. It takes full advantage of its corner position and offers awesome frontage and exposure to all tenancies.
BLOCK A - 4 titles in one
The immediate corner of Malvern and Tooronga Roads is offered in four individual titles. The three ground floor tenancies facing Malvern Road and the entire first floor accessed via Tooronga Road.
Title Details
• 1437-1439 Malvern RoadLot 1 on Plan of Subdivision 824071G.
Volume 12283 Folio 371
• 1441 Malvern RoadLot 2 on Plan of Subdivision 824071G.
Volume 12283 Folio 372
BLOCK B - offered as one title
The allotment facing Tooronga Road and also Staunton Lane is offered in one certificate of title. This title does encompass the three retail tenancies facing Tooronga Road plus a functional warehouse accessed via Staunton Lane.
Title Details
• 286B, 286C, 286D & 28 Staunton LaneLot S2 on Plan of Subdivision 824071G.
Volume 12283 Folio 375
• 1443 Malvern RoadLot 3 on Plan of Subdivision 824071G.
Volume 12283 Folio 373
• 286A Tooronga RoadLot 4 on Plan of Subdivision 824071G.
Volume 12283 Folio 374
This parcel was strategically left in one title to allow for future development. Within the subdivision there is air rights above the Malvern Road portion.
I’m in an unmissable location
5,300
Malvern Road
8,900
Tooronga Road
The property is situated in an area experiencing rapid economic development, making it a smart investment for long-term growth and higher returns. Situated on a coveted corner, the property is surrounded by established businesses and popular amenities, ensuring a constant flow of potential customers and clients. passing vehicles
(Average daily) *vicroads
Pinch
because I can’t
me,
believe I’m actually here.
GLEN IRIS 3146.
Glen Iris is a leafy suburb in Melbourne’s inner south-east, about 10 kilometres from the CBD. The suburb is well-served by public transport, with trams running along Malvern Road, High Street and Burke Road. Glen Iris also has a number of schools, parks, and sporting facilities. Plus it’s many popular main road retail strips offer vibrant shopping and dining experiences.
21% Parents and homebuilders (35 to 49) 13% Older workers and pre-retirees (50 to 59) Industry sector of employment 873 Professional, Scientific and Technical Services +135 persons since 2016 807 Health Care and Social Assistance +180 persons since 2016 527 Education and Training +56 persons since 2016 18% Young workforce (25 to 34) Glen iris City of Glen Eira 9,477 GLEN IRIS $2,310 GREATER MELBOURNE $1,866 Population: Median weekly household income
serviced by trains
Well
buses trams
BUY ME. For Sale by Expressions of Interest Closing Thursday 14th September at 3pm. Terms: 10% Deposit with settlement due 60 to 90 days from the day of sale. Make a private appointment with the exclusive agents a contract of sale and vendors statement INSPECT REQUEST GLEN IRIS PRIME RETAIL TENANCIES 8 Martin Huang 0416 161 166 mhuang@jamesgregson.com.au James Gregson 0421 516 480 jgregson@jamesgregson.com.au 0422 211 021 jeremy@astoncommercial.com.au Rodney King 0422 839 870 rodney@astoncommercial.com.au 1437-1443 MALVERN ROAD & 286 TOORONGA ROAD
DISCLAIMER
“Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by James Gregson Commercial and Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by James Gregson Commercial and Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. James Gregson Commercial and Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom.
*Approximate
