55-57 Railway Parade North,
Glen Waverley, VIC 3150
Shops & Retail
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
03 9613 04...
55-57 Railway Parade North
Glen Waverley, VIC 3150
Map of 55-57 Railway Parade North
A GOLDEN RETAIL CORNER SURROUNDED BY MAJOR COUNCIL CAR PARK AND OPPOSITE GLEN WAVERLEY TRAIN STATION
+ Highly exposed ‘triple fronted’ retail corner in the heart of Glen Waverley’s Activity Centre, supported by in excess of 2,300 car parks to accommodate the huge influx of pedestrians who migrate to this 24-hour retail and lifestyle precinct
+ Less than 100m* from both The Glen Shopping Centre (undergoing a $500m redevelopment) and the Glen Waverley Train Station, which provides direct access to the CBD and Melbourne’s most affluent suburbs
+ Fully leased to longstanding national tenant IMB Bank (48 stores, 190,000 members*), providing a net annual income of $253,538* + GST + Outgoings (after land tax) with fixed 5% annual rental increases
+ Fronting a side & rear laneway which are set for an overhaul, with the ‘Galleria’ development to the rear (15 levels) incorporating 9 retail shops onto this walkway, linking pedestrians from Railway Parade North through to The Glen Shopping Centre
+ And all of this is not just for the investor! Favourable clauses within the existing lease allow for the development of commercial, retail, hotel, residential or mixed use (STCA)
FOR SALE VIA PUBLIC ON-SITE AUCTION THURSDAY 12TH DECEMBER AT 2.30PM
Rorey James
+61 439 400 081
Jing Jun Heng
+61 411 059 116
Chao Zhang
+ 61 411 625 068
*approx
+ Less than 100m* from both The Glen Shopping Centre (undergoing a $500m redevelopment) and the Glen Waverley Train Station, which provides direct access to the CBD and Melbourne’s most affluent suburbs
+ Fully leased to longstanding national tenant IMB Bank (48 stores, 190,000 members*), providing a net annual income of $253,538* + GST + Outgoings (after land tax) with fixed 5% annual rental increases
+ Fronting a side & rear laneway which are set for an overhaul, with the ‘Galleria’ development to the rear (15 levels) incorporating 9 retail shops onto this walkway, linking pedestrians from Railway Parade North through to The Glen Shopping Centre
+ And all of this is not just for the investor! Favourable clauses within the existing lease allow for the development of commercial, retail, hotel, residential or mixed use (STCA)
FOR SALE VIA PUBLIC ON-SITE AUCTION THURSDAY 12TH DECEMBER AT 2.30PM
Rorey James
+61 439 400 081
Jing Jun Heng
+61 411 059 116
Chao Zhang
+ 61 411 625 068
*approx
Glen Waverley, 3150 demographic data
The median household income for Glen Waverley is $1,918, 1% higher than Greater Melbourne's household income of $1,901. Glen Waverley has an older age profile compared to the rest of Greater Melbourne (median age 40 vs 37). Property ownership data shows 40% of property owners in Glen Waverley have a mortgage.
42,642
Population
$1,918 per week
Median household income
40 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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