189-191 Glenferrie Rd 5,877 SF 100% Leased Retail Building Malvern, VIC 3144 For Sale

189-191 Glenferrie Road presents a fully leased retail and office investment in the heart of Malvern’s thriving commercial precinct. This double-fronted, two-story property spans approximately 546.5 square meters and offers a commanding 12-meter frontage along Glenferrie Road, complemented by rear laneway access and on-site parking. The asset comprises four separate tenancies, including two ground-floor retail spaces and two upper-level office suites, secured by long-term leases to established tenants such as Remy Bar Tapas (10-year lease) and Toni & Guy (5-year lease).
Positioned directly opposite Coles and surrounded by national retailers, the property benefits from exceptional pedestrian traffic and strong local trade. Its Commercial 1 zoning supports a wide range of uses, enhancing long-term flexibility and value. With an annual income of $220,671 plus GST and a fully leased profile, this property offers investors a stable income stream in a high-demand location. The site’s proximity to Malvern Station, major tram routes, and arterial roads ensures excellent connectivity to Melbourne’s CBD and surrounding suburbs.
This is a rare opportunity to secure a blue-chip retail investment in one of Melbourne’s most established and affluent retail strips, underpinned by strong tenant covenants and enduring location appeal. Auction taking place on site December 4th at 12:00pm.