Property Details for 31 High St, Glen Iris
Last Listing description (November 2023)
FREEHOLD INVESTMENT WITH UPSIDE
Crabtrees Real Estate are pleased to offer to the market for Sale 31 High Street, Glen Iris.
This securely tenanted investment offers Commercial 1 Zoning and is situated near major arterials such as Monash Freeway and Warrigal Road making it ideal for future development.
Lease Details:
+ Leased to Kenichi Okumura & Atsuki Hiriat trading as Izakaya Chouchou
+ Rental income of $60,000 per annum plus GST and Outgoings
+ Three (3) Year term commencing from July 2023
+ 4% annual increases
+ Two (2) further terms of three (3) years
Key Property Features:
+ Main road freehold with site area of 225 sqm*
+ Prime retail space of 140 sqm*
+ Commercial Kitchen Fit-out
+ Front and rear lane access
+ Commercial 1 Zoning ideal for mixed used redevelopment
+ Within a short distance to Monash Freeway Entrance
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!
Property History for 31 High St, Glen Iris, VIC 3146
- 21 Jul 2023Listed for Sale CONTACT AGENT
- 14 Jan 2020Listed for Rent $55,000
- 16 Feb 2018Listed for Rent - Price not available
Recent sales nearby
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0About 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 13,481 properties. Over the last 5 years, Houses in Glen Iris have seen a 4.37% increase in median value, while Units have seen a 6.61% increase. As at 31 March 2026:
- The median value for Houses in Glen Iris is $2,395,404 while the median value for Units is $766,441.
- Houses have a median rent of $1,050 while Units have a median rent of $580.
Suburb Insights for Glen Iris 3146
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