$1,600,000

1438 Malvern Road, Glen Iris, VIC 3146

ICONIC LOCAL RESTAURANT INVESTMENT

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 villageEstablished restaurant trading over 15 yearsCommercial 1 ZoneLease Term: 5 yearsCommencement Date: 1 August 2021Options: 2 x 5 YearsNet Rental - $73,000pa + GSTReviews: 4%paOutgoings: All (except Land Tax)Stand-alone buildingAttractive investment propositionProminent corner positionStrong local demographic and amenity