CBRE is offering 11 Station Street, Malvern - a prominent, recently refurbished retail & office freehold, fully leased to 2 separate tenants in Malvern's main retail & commercial area.
The freehold property is positioned in one of Melbourne's finest suburbs, benefiting from immediate proximity to valuable public transport, retail and healthcare amenity, 11 Station Street is being offered for sale with brand new net leases to exciting and established tenants.
Key details include:
+ A timeless and striking period style two level internally refurbished freehold building, boasting excellent investment fundamentals being directly opposite Malvern Station, having Commercial 1 Zoning and providing extensive street frontage to Station Street and convenient rear lane access
+ Diversified and secure annual income of $88,000 + GST with annual increases providing guaranteed income and growth across both tenants
+ Ground floor leased to Lulu Dining, representing Malvern's most contemporary and in demand hospitality venue, providing Italian cuisine in an inviting atmosphere
+ Lulu Dining is led by Angus Brettingham-Moore, a successful restaurateur who also owns Essie Wine Bar located a few doors down in Station Street, Malvern with the decision to expand and open Lulu Dining signifying the success within the precinct, positioning the business for long-term sustained success
+ Level 1 is leased to Clarke Childcare Group and serves as the company's corporate head office, with the business being in operation for over 19 years
+ Clarke Childcare Group is a leading business within the childcare sphere, representing one of Australia's leading growth sector industries
+ Wide street frontage to Station Street where there is ample car parking on both sides of the street, with the added benefit of rear lane access
+ Close to the popular Malvern Central Shopping Centre, iconic Glenferrie Road and the under construction Malvern Collective residential apartment development, due to inject 265 apartments and 500 + residents in immediate walking distance*
Contact CBRE for more information about this opportunity:
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()
*Denotes Approx.
Transaction Advisor:
Advise Transact
