On behalf of the current owners, Elders Commercial is proud to be able to offer this superb commercial property for sale by Expressions of Interest, closing at 4 pm on 31/10/2025, IF NOT SOLD PRIOR.This property would suit the serious investor seeking a substantial investment in a prime location.With 8,916m2 of prime commercial land and three extensive warehouses with strong leases in place, offering a combined net lettable area of approximately 2,820m2, along with over 50 car bays, a fully fenced perimeter, and a traffic flow plan for easy access and egress, this property is one of the most inviting investment opportunities for Commercial Property Investors to hit the market this year.Building 1 - (870m2 NLA) is leased by a furniture company for 3 years, with two further options to renew for 3 years.Building 2 - (830m2 NLA) is a retail outlet for small businesses with multiple tenants (Co Op) all under one head lease. Building 3 - (1120m2 NLA) is leased by a furniture company for 3 years, with two further options to renew for 3 years.This property is extremely well-located on a main arterial road that has a strong traffic flow and links Picton and Davenport Industrial areas together. They are Zoned Light Industry/Bulky Goods and in such a great location, with strong leases in place and a good ROI, these sorts of properties are much sought after.A full Information Memorandum is available on request.Property Features:+ Three Strong Leases+ 2820 NLA+ 8916m2 of Land+ Great Location With Strong Traffic Flow+ 50 plus Parking Bays+ Fully Fenced+ Air Conditioning in Tenancy 1 & 3+ Grease Trap Buyers Note: All measurements/dollar amounts are approximate only. Boundaries marked on images are a guideline and are for visual purposes only. Buyers should complete their own due diligence, including checking with local authorities regarding the property use and zoning. Buyers should also do a visual inspection of the property before entering into an offer/contract and should not rely on the photos or text in this advertising in making a purchasing decision.
The size of Glen Iris is approximately 4.9 square kilometres. It has 6 parks covering nearly 1.7% of total area. The population of Glen Iris in 2016 was 3003 people. By 2021 the population was 3143 showing a population growth of 4.7% in the area during that time. The predominant age group in Glen Iris is 30-39 years. Households in Glen Iris are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Glen Iris work in a trades occupation.In 2021, 69.00% of the homes in Glen Iris were owner-occupied compared with 68.80% in 2016.
Glen Iris has 1,542 properties. Over the last 5 years, Houses in Glen Iris have seen a 111.40% increase in median value, while Units have seen a 126.92% increase. As at 31 January 2026:
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