264 Glenferrie RoadMalvern VIC 3144
Property Details for 264 Glenferrie Rd, Malvern
Last Listing description (November 2023)
Stonebridge Property Group is pleased to present for sale 264 Glenferrie Road, Malvern.
The key highlights of the opportunity include:
- A 100% leased commercial freehold located in a tightly held and proven retail position at the intersection of Glenferrie Road & the internationally recognised High Street
- Occupied by two longstanding tenants (10+ years) who have recently renewed for further terms
- HoneyBee Toys, who have anchored the property since 2010, lease the ground floor space on a 6-year lease to 2028
- The Grand Illusion has occupied level 1 of the property since 2013 and currently lease the property on a brand new 5-year term to 2028
- Commercial leases across both levels ensure that 100% of the building outgoings** are recoverable (i.e. a cost to the tenant)
- The versatile freehold spans 209 sqm* of Commercial 1 Zoned land and enjoys rear lane access off Stanhope Street
- Located on the prestigious Glenferrie Road retail precinct near the intersection of High Street, anchored by major supermarkets, national retailers & public transport (tram & train)
- Bordering Glenferrie Road are the affluent suburbs of Malvern and Armadale, both suburbs boast median house prices north of $2.5m - highlighting a high level of wealth & demand within the immediate area
- Providing an annual income of $113,539* + GST with favourable 4% increases
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 594
Rorey James
0439 400 081
Sarah Xi
0468 320 297
*Approximately
**Outgoing recovered as per the lease agreements
Property Code: 776
Property History for 264 Glenferrie Rd, Malvern, VIC 3144
- 13 Dec 2023Sold for $2,100,000
- 27 Sep 2023Listed for Sale Price Guide: $2,300,000 - $2,500,000
- 10 May 2013Listed for Rent - Price not available
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0About 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 6,825 properties. Over the last 5 years, Houses in Malvern have seen a 11.32% increase in median value, while Units have seen a 5.87% increase. As at 31 March 2026:
- The median value for Houses in Malvern is $3,153,740 while the median value for Units is $799,050.
- Houses have a median rent of $1,100 while Units have a median rent of $588.
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