10/431 Burke Road, Glen Iris, VIC 3146 | Commercial for sale | OnTheHouse
 
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10/431 Burke Road
Glen Iris VIC 3146

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Floor area: 140m2
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Blue-Chip Commercial Investment with Built-In Rental Growth!

Secure a premium commercial investment in one of Melbourne's most tightly held business precincts with this outstanding office opportunity at Suite 10, 431 Burke Road, Glen Iris. Positioned within a highly regarded commercial building, this impressive 140m2* office is offered with a strong long-term lease in place, providing immediate income and excellent future security for investors seeking a quality asset in a blue-chip location.
Featuring a functional and professional fit-out throughout, the suite boasts an exceptional internal layout with quality partitioning, a welcoming reception entry, and stylish finishes including stunning floorboards that create a polished corporate environment.
Key investment highlights include;
* Approx. 140m2 of premium office space
* Securely leased at $49,254.60 per annum
* Annual 3% rental increases providing built-in income growth
* Lease commenced 1 June 2022
* Long-term security with options of 4 x 3 x 3 x 3 years
* Excellent office configuration with multiple partitioned workspaces
* Impressive reception and entry area
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Property Details for 10/431 Burke Rd, Glen Iris

Building Type
Commercial
Floor Size
140m2
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About Glen Iris 3146

The size of Glen Iris is approximately 8.0 square kilometres. It has 26 parks covering nearly 8.7% of total area. The population of Glen Iris in 2016 was 25268 people. By 2021 the population was 26131 showing a population growth of 3.4% in the area during that time. The predominant age group in Glen Iris is 50-59 years. Households in Glen Iris are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glen Iris work in a professional occupation.In 2021, 70.00% of the homes in Glen Iris were owner-occupied compared with 68.00% in 2016.

Glen Iris has 13,470 properties. Over the last 5 years, Houses in Glen Iris have seen a 0.69% increase in median value, while Units have seen a -1.51% decrease. As at 30 April 2026:

  • The median value for Houses in Glen Iris is $2,336,207 while the median value for Units is $725,881.
  • Houses have a median rent of $1,100 while Units have a median rent of $585.
There are currently 29 properties listed for sale, and 9 properties listed for rent in Glen iris on OnTheHouse. According to Cotality's data, 618 properties were sold in the past 12 months in Glen iris.

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Gavin Zeitz
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G & H Property Group
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