Shop 4/35-43 High Street Glen Iris VIC 3146

An outstanding investment opportunity in the heart of Glen Iris.

Positioned on a bustling main road, this versatile 65 sqm (approx.) space is perfect for retail, office, showroom, or allied health. With high foot and vehicle traffic, excellent amenities, and strong lease terms, this property is a must-see for savvy investors.

Key Features:

Building Area: 65 sqm approx.
Prime Exposure: High Street frontage with significant daily foot and vehicle traffic.
Modern Amenities: Heating/Cooling, timber floors, abundant natural light, and floor-to-ceiling windows for maximum visibility.
Fully Fitted: Includes a kitchenette and toilet for staff convenience.
Secure Parking: 2 secure basement car spaces and storage space
Leased Investment:
Currently leased to Her Body Myotherapy on a Three (3) year plus Three (3) year lease (commencing 16/10/2023), returning $29,119.92 per annum plus deferral payments of $2,333.33 each due on 16/10/2025 & 16/10/2026 plus outgoings plus GST. The lease includes yearly increases of 4% and a market review for the first year of the further 3 year term.
Very low land tax and excellent depreciation opportunity
Outgoings payable by the tenant are approximately:
Council Rates: $1,200
Water Rates: $1,200
Owners Corporation Levy: $1,540
Located in a vibrant commercial hub, surrounded by popular local businesses such as cafes, boutique retailers, and health services. Glen Iris is an affluent suburb, providing a solid customer base. Additionally, the property is well-connected to public transport, including trams and Glen Iris Train Station, both within walking distance.
The property offers easy access to major arterial routes, including the Monash Freeway (M1), which is just minutes away, providing convenient connectivity to Melbourne CBD and surrounding suburbs.
This is a rare opportunity to secure a high-performing property in a thriving area!