Cosmetic Avenue, Shop 1/1312 Malvern Road,
Malvern, VIC 3144
Medical & Consulting • Shops & Retail
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
Cosmetic Avenue, Shop 1/1312 Malvern Road
Malvern, VIC 3144
Map of Cosmetic Avenue, Shop 1/1312 Malvern Road
Award-Winning Medical Practice | Affordable Sought-after Melbourne Investment
- Secure 5 year lease plus option to 2029
- Fixed 3% Annual Rent Increases
- Leading Australasia cosmetic practice
Burgess Rawson and Killen Thomas are delighted to offer to the market, Cosmetic Avenue in this tightly held Malvern location for sale via Burgess Rawson’s portfolio auction in Melbourne on the 7th of December 2022.
+Secure 5-year lease to 2024 with a further option to 2029
+Cosmetic Avenue: Cosmetic practice of the year award winners in 2019 and 2020, with 5 star google ratings from 1,189 reviews.
+Fixed 3% annual rent increases, assuring future rental growth
+Investor preferred net lease terms with the tenant responsible for all usual outgoings as per the lease
+Prominent frontage to Malvern Road and exposure to 18,700 vehicles passing daily.***
+Set and forget premium investment in one of Melbourne’s most desirable locations
+Strategically positioned in Malvern’s medical precinct, walking distance from Cabrini Hospital (Malvern) and Dorevitch Pathology
+Surrounded by important social infrastructure including 12 schools, servicing 7,500 students within a 2km radius.***
+Malvern: affluent inner-city, blue-chip Melbourne suburb with a median house price of $3,305,000**
+Net Income: $55,726 pa + GST
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 7th December 2022
Crown Casino, Melbourne
*approx.
** forecast id.
*** gap maps
+Secure 5-year lease to 2024 with a further option to 2029
+Cosmetic Avenue: Cosmetic practice of the year award winners in 2019 and 2020, with 5 star google ratings from 1,189 reviews.
+Fixed 3% annual rent increases, assuring future rental growth
+Investor preferred net lease terms with the tenant responsible for all usual outgoings as per the lease
+Prominent frontage to Malvern Road and exposure to 18,700 vehicles passing daily.***
+Set and forget premium investment in one of Melbourne’s most desirable locations
+Strategically positioned in Malvern’s medical precinct, walking distance from Cabrini Hospital (Malvern) and Dorevitch Pathology
+Surrounded by important social infrastructure including 12 schools, servicing 7,500 students within a 2km radius.***
+Malvern: affluent inner-city, blue-chip Melbourne suburb with a median house price of $3,305,000**
+Net Income: $55,726 pa + GST
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 7th December 2022
Crown Casino, Melbourne
*approx.
** forecast id.
*** gap maps
Malvern, 3144 demographic data
The median household income for Malvern is $2,606, 37% higher than Greater Melbourne's household income of $1,901. Malvern has an older age profile compared to the rest of Greater Melbourne (median age 44 vs 37). Property ownership data shows 39% of property owners in Malvern have a mortgage.
9,929
Population
$2,606 per week
Median household income
44 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Killen Thomas - Melbourne60-62 Hoddle St
ABBOTSFORD, VIC 3067
ABBOTSFORD, VIC 3067
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