Description

Gorman Commercial is pleased to offer 3 shops for sale at 1398, 1400 & 1402 Malvern Road, Glen Iris via Expressions of Interest closing on Wednesday 4th June at 2pm.

Situated at the base of The Maitland, a luxury development home to 19 boutique residences, these 3 retail premises with long leases in place are the perfect set & forget investment opportunity.

1398 Malvern Road, Glen Iris
* 4 year lease to Hear & Clear Care to 2027 plus options
* Current rent: $45,618 pa + GST + outgoings
* Building area: 75 sqm
* Two (2) car parks

1400 Malvern Road, Glen Iris
* 4 year lease to Mila Nail Spa to 2028, plus options
* Current rent: $42,435 pa + GST + outgoings
* Building area: 75 sqm
* Two (2) car parks

1402 Malvern Road, Glen Iris
* 4 year lease to Heathershaw's Pharmacy to 2028, plus options
* Current rent: $119,025 pa + GST + outgoings (as at 15 May 2025)
* Building area: 190 sqm
* Three (3) car parks

With main road frontages and brand new lease terms, these 3 shops are not to be missed.

Available to purchase separately or together.

Listing Highlights

• 3 securely leased retail shops
• Brand new leases in place
• Popular Glen Iris retail village