1438 Malvern Road

Glen Iris VIC 3146

We believe the most outstanding aspects of this property include:
- Secure 5 year lease to established restaurant, That Greek Tavern;
- Currently returning $70,000 net per annum plus GST & outgoings;
- Excellent exposure on busy Malvern Road;
- Zoned Business 2;
- Excellent position within tightly held local retail strip comprising of mostly restaurants, boutiques and specialty stores;
- Trams at doorstep with Gardiner and Tooronga Train Stations only a short walk away;
- Easy Access to Monash Freeway (CitiLink);
- Walk to vibrant and newly established Tooronga Village.
1438 Malvern Road, Glen Iris is located on the southern side of Malvern Road on the corner of Aintree Road with the closest major intersection being that of Tooronga Road and Malvern Road.
The property is located approximately 10km* east of the Melbourne CBD within the municipality of the Stonnington City Council. Malvern Road is a major arterial road that runs in from Prahran to Malvern East.
Malvern Road, Glen Iris is an established retail strip, strongly serviced by the surrounding dense residential neighbourhood and thoroughfare of traffic. The suburb of Glen Iris is Melbourne's Centre of Population1 and is supported by the typically affluent residents with high disposable incomes. The strip comprises of mostly restaurants, boutiques and specialty stores.
Furthermore the property is in close proximity to the following facilities:
- Trams at the doorstep in Malvern Road, a short walk to both Tooronga and Gardiner Train Station and extensive bus services within the surrounding area;
- Easy access to the Monash Freeway (CityLink);
- Close to Recreational Facilities such as Gardiner Park, Howard Dawson Reserve and Burke Road South Reserve;
- Walk to newly established retail Tooronga Village, comprising of 22 shops, caf?s and restaurants with strongly trading Coles and 1st Choice Liquor Superstore.