12-18 Claremont AvenueMalvern VIC 3144
Property Details for 12-18 Claremont Ave, Malvern
Last Listing description (October 2023)
Vinci Carbone are pleased to offer this premium island site investment in one of Melbournes most desirable locations Malvern. An extremely rare investment opportunity leased to Pizza Religion on a new 5 year lease to September 2028 plus further options provides investors with a chance to secure a sensational investment in a blue-ribbon location.
Claremont Avenue remains a tightly held pocket of Malvern consisting of many long-standing hospitality and retail tenants that make the location a preferred destination by the residents of Malvern.
The property benefits from its immediate vicinity to Malvern Station, the Glenferrie Road retail precinct, and Dandenong Road / Princes Highway.
This outstanding property presents investors with the ability to landbank a triple fronted island site leased to an established tenant with future endless development options (STCA).
Island site of 225 sqm* with three (3) frontages to Claremont Avenue, Soudan Street and Ebbott Lane providing excellent future development potential (STCA).
Brand new five (5) year lease from 1 October 2023 with one (1) further option of five (5) years to September 2033.
Impressive fully fitted corner restaurant of 217 sqm*.
Leased to an established tenant 'Pizza Religion' returning $105,000 pa* plus outgoings plus GST.
Favourable 3% fixed annual increase during lease term and option term.
Highly desirable Commercial 1 zoning.
Claremont Avenue remains a tightly held pocket of Malvern consisting of many long-standing hospitality and retail tenants that make the location a preferred destination by the residents of Malvern.
The immediate area is well renowned for a wide array of retail and food offerings along Glenferrie Road, plus the property benefits from its immediate vicinity to Malvern Train Station (1min*), Tram No. 16 (1min*) and Dandenong Road/Princes Highway.
Rarely does such a property come to market with as many positive underlining fundamentals such as 12 18 Claremont Avenue, Malvern.
We strongly recommend this offering for your consideration.
For Sale by Public Auction Friday 1 December at 1pm on-site
Transaction managed by LDB Property.
*approx.
Property History for 12-18 Claremont Ave, Malvern, VIC 3144
- 04 Jun 2025Sold for $1,850,000
- 25 Oct 2023Listed for Sale Contact Agent
- 11 Oct 2013Sold for $1,470,000
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About Malvern 3144
The size of Malvern is approximately 2.9 square kilometres. It has 9 parks covering nearly 4.4% of total area. The population of Malvern in 2016 was 10066 people. By 2021 the population was 9929 showing a population decline of 1.4% in the area during that time. The predominant age group in Malvern is 50-59 years. Households in Malvern are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern work in a professional occupation.In 2021, 70.20% of the homes in Malvern were owner-occupied compared with 66.70% in 2016.
Malvern has 6,828 properties. Over the last 5 years, Houses in Malvern have seen a 20.52% increase in median value, while Units have seen a 6.53% increase. As at 31 January 2026:
- The median value for Houses in Malvern is $3,234,480 while the median value for Units is $772,709.
- Houses have a median rent of $825 while Units have a median rent of $580.
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