1438 Malvern Road Glen Iris

X Commercial are pleased to offer to the market 1438 Malvern Road, Glen Iris for Private Sale.

That Greek Tavern: a favourite local establishment trading over 15 years.

The property represents an appealing hospitality/retail investment in the heart of the Malvern Village retail precinct situated in Melbourne's inner east.

1438 Malvern Road offers a prominent corner position with high exposure to the retail strip, which is well serviced by an abundance of local amenities including supermarkets, retail & hospitality and strongly supported by recreational and public transport facilities.

The property comprises a two-level stand-alone commercial building that has been utilised as a well know, established restaurant trading for over 15 years.

X factors:

Vibrant community retail village Established restaurant trading over 15 years Commercial 1 Zone Lease Term: 5 years Commencement Date: 1 August 2021 Options: 2 x 5 Years Net Rental - $73,000pa + GST Reviews: 4%pa Outgoings: All (except Land Tax) Stand-alone building Attractive investment proposition Prominent corner position Strong local demographic and amenity