Jones Real Estate is privileged to present My Chemist, 5/108 Glen Iris Road, Glen Iris, to the market For Sale via Private Negotiation.
Immersed within Melbourne's highly desirable & affluent residential suburb of Glen Iris, this blue-chip opportunity is underpinned by key investment fundamentals, providing an exceptional and well-priced chance to invest in one Melbourne's most highly sought after suburbs.
Key highlights of this retail investment include:
- Located in one of Melbourne's most affluent inner eastern suburbs, Glen Iris, 5/108 Glen Iris Road is securely leased to pharmaceutical giant Chemist Warehouse Group, trading as 'My Chemist'.
- Providing a net passing income of $45,000 per annum with favorable 4.0% annual increases, future proofing the asset for many years to come.
- Leased on an initial six (6) year term with two (2) further terms of five (5) years, providing options to 2040 & security deposit equivalent to three (3) months' rent.
- Chemist Warehouse Group has over 20,000 employees and 600 stores under 5 different brands, operating the likes of Chemist Warehouse, My Chemist, Ultra Beauty, My Beauty Spot & Optometrist Warehouse.
- Offering 106sqm* of internal building area & direct retail frontage to Glen Iris Road, neighbouring Pantry Glen Iris (owned by Hospitality Group), the Swedish Pilates Studio and Diet Solutions, 108 Glen Iris Road encapsulates a destination health and wellness precinct.
- Glen Iris boasts a median house price of $2,450,000**, historically providing exceptional capital growth & long-term appreciation.
- Access to major retail precincts including Tooronga Shopping Centre, Burwood Village & Camberwell Junction.
- Seamless connectivity to public transportation options inclusive of Glen Iris Railway Station & the Number 5 & 6 Malvern & Glen Iris Tram routes.
- Major arterial network accessibility to Monash Free Way (M1), Burke Road & Toorak Road.
*Approx.
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For further information, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
