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285C Burke Road
Glen Iris VIC 3146
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Sold on 12 Apr 2024

285C Burke Road Glen Iris VIC 3146

  • Shop & Retail
  • 64 m²
  • Sold

New 7 Year Lease to 2031 | Attention $750k+ Buyers

    Burgess Rawson and Morley Commercial are delighted to offer to the market, Good Bean in this outstanding new development within tightly held Glen Iris for sale via Private Treaty

    The property has the following investment highlights:

    + Brand new 7-year lease to 2031, plus option through to 2038.
    + Good Bean Gardiner : Proven and highly reputable hospitality operators with a wealth of experience. Good Bean has a presence in 26 locations nation wide.
    + Immaculate and new premises, plus modern amenities with one basement car space on-title.
    + Attractive 3.5% annual rent increases, assuring future rental growth.
    + Investor preferred net lease terms with the tenant responsible for all usual outgoings as per the lease
    + Rare 6-month bank guarantee
    + Prominent location with excellent frontage within the award-winning Glenarm Square retail and apartment development.
    + Developed by renowned Melbourne developer Dealcorp , Glenarm Square contains 115 apartments and circa 850sqm of specialty retail.
    + Adjoining complementary uses including; Psychologist, FloSt8 and exciting announcements to follow.
    + Seamless integration from the retail landing to Gardiner Train Station which includes public carparking.
    + Set and forget premium investment in one of Melbourne's most desirable locations.
    + High exposure position with easy access onto the Monash Fwy, Burke Road and Gardiner Train Station.
    + Glen Iris: Affluent inner-city suburb with $2,450,000 median house price
    + Net Income: $40,000 pa + GST

    For Sale via Private Treaty

    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold12 Apr 2024
    Floor Area64 m²
    Land Area64 m²
    ParkingAsk Agent
    Property ID2019092958
    Category
    Last updated  12 Apr 2024
    Map for 285C Burke Road Glen Iris VIC 3146
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold12 Apr 2024
    Floor Area64 m²
    Land Area64 m²
    ParkingAsk Agent
    Property ID2019092958
    Category
    Last updated  12 Apr 2024

    Co-Agents

    Matthew Wright
    Burgess Rawson VIC Pty Ltd
    Call
    0458 290 588
    Justin Kramersh
    Burgess Rawson VIC Pty Ltd
    Call
    0460 349 605
    James Lie
    Morley Commercial
    Call
    0434 641 482

    More about 285C Burke Road Glen Iris VIC 3146

    285c Burke Road Glen Iris VIC 3146 is categorized as Shop & Retail Property. It has a floor area of 64 m² and a land area of 64 m². The listing ID for this property is 2019092958.

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