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COMMERCIAL REAL ESTATE NEWS, TRENDS AND INSIGHTS
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26YEARS
$
OF PROPERTY INSIGHTS
10,000
+
LOCAL INVESTORS REACHED

GormanKelly SOLD – Strong Tenant Generated Strong Interest

By | 29/04/2022

1377 Malvern Road, Malvern Sold_Feature

1377 Malvern Road, Malvern

SOLD UNDER THE HAMMER

GormanKelly has just sold this elegant property in the Malvern Road retail precinct.

With the tenant having 2 years to run on their lease and with an option for a further three years, interest came from Investors seeking a competitive yield. They were attracted by the long established business and the fact that the rent goes up by 9% in March 2023 and by CPI in the years following that.

Download-1377-MalvernRoad-Malvern-Sale-Results or click below to view additional information on the sale results for 1377 Malvern Road, Malvern.

Download Sales Results

If you would like further information about this sale, or would like assistance with selling your commercial property, please feel free to contact us.

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Nick Breheny

Written by Nick Breheny 

"Nick commenced his career in the Eastern Suburbs and brings over 30 years’ experience in commercial property sales and leasing with an emphasis on development sites and investment property."

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