Suite 314, 19 Milton Parade, Malvern, VIC 3144

Offices

For Sale

  • Property ID: 431969
  • Floor Area: 62m²
  • Occupancy: Tenanted
SAVVY INVESTORS TAKE NOTE

POINT OF INTEREST:
Malvern’s business mecca is only labelled as such because of Toorak Corporate, the commercial hub outfit where it’s business as usual best. Investors looking to diversify their portfolios take note: this is a modern suite within the building made up of 62 sqm* of clever, useful floorplan, air conditioning throughout, two car spaces separately titled and an on-site café and corporate service support.

Holiday Lifestyle have recently leased the premises from the 10th July 2023 for two year and three months with a further two-year option who own, operate, and develop a range of boutique accommodation estates in high profile coastal locations

https://www.holidaylifestyle.com.au/about/

- Leased to Holiday Lifestlye Bendigo Pty Ltd.
- Brand new 2-year lease and 3 month lease with a further 2-year option.
- $24,000 + GST + Outgoings payable by the tenant.
- 62 sqm* building area.
- Light filled corner office.
- 2 car spaces separately titled.
- On-site coffee shop/café.
- On-site corporate service support.
- Fringe of Monash Freeway.
- Buses run along Toorak Road.
- Trams up Glenferrie Road.
- 500 m* to Tooronga Railway Station.

POINT OF VIEW:
The only thing better than buying into a business precinct is having the tenant already bought into their future here too.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Immediate
  • Lease Term: Two (2) Years & Three (3) Months + Two (2) Years
  • Rent Review: 3.5% annual increases + market review
  • Car Spaces: 2 car parks on site (Lot N31)
  • Condition: Excellent
  • Air Conditioning: Yes
  • Floors: Carpet
  • Lifts: N/A
  • Height: 2.7 meters
  • Age: Circa 2000
  • Car Parking Fees: Including in rental
Outgoings
  • Water Rates: $311.24 p.a. approx.
  • Land Tax: n/a (Single Holding)
  • Council Rates: $1,215.50 p.a. approx.
  • Owners Corp. / Insurance: $9,051.12 pa approx.
Malvern Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $7872 $673 8.55%
Industrial --- $417 ---
Retail $9706 $645 6.64%
This is the average advertised price, rent and yield for Malvern, VIC 3144*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Floorplans

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×