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My Chemist, 5/108 Glen Iris Road, Glen Iris, VIC, 3146
Glen Iris
Jones Real Estate is privileged to present My Chemist, 5/108 Glen Iris Road, Glen Iris, to the market For Sale via Private Negotiation.
Immersed within Melbourne's highly desirable & affluent residential suburb of Glen Iris, this blue-chip opportunity is underpinned by key investment fundamentals, providing an exceptional and well-priced chance to invest in one Melbourne's most highly sought after suburbs.
Key highlights of this retail investment include:
- Located in one of Melbourne's most affluent inner eastern suburbs, Glen Iris, 5/108 Glen Iris Road is securely leased to pharmaceutical giant Chemist Warehouse Group, trading as 'My Chemist'.
- Providing a net passing income of $46,800 per annum with favorable 4.0% annual increases, future proofing the asset for many years to come.
- Leased on an initial six (6) year term with two (2) further terms of five (5) years, providing options to 2040 & security deposit equivalent to three (3) months' rent.
- Chemist Warehouse Group has over 20,000 employees and 600 stores under 5 different brands, operating the likes of Chemist Warehouse, My Chemist, Ultra Beauty, My Beauty Spot & Optometrist Warehouse.
- Offering 106sqm* of internal building area & direct retail frontage to Glen Iris Road, neighbouring Pantry Glen Iris (owned by Hospitality Group), the Swedish Pilates Studio and Diet Solutions, 108 Glen Iris Road encapsulates a destination health and wellness precinct.
- Glen Iris boasts a median house price of $2,450,000**, historically providing exceptional capital growth & long-term appreciation.
- Access to major retail precincts including Tooronga Shopping Centre, Burwood Village & Camberwell Junction.
- Seamless connectivity to public transportation options inclusive of Glen Iris Railway Station & the Number 5 & 6 Malvern & Glen Iris Tram routes.
- Major arterial network accessibility to Monash Free Way (M1), Burke Road & Toorak Road.
*Approx.
**Realestate.com.au
For further information, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
Remember to mention you found this property on CommercialReady
Jones Real Estate is privileged to present My Chemist, 5/108 Glen Iris Road, Glen Iris, to the market For Sale via Private Negotiation.
Immersed within Melbourne's highly desirable & affluent residential suburb of Glen Iris, this blue-chip opportunity is underpinned by key investment fundamentals, providing an exceptional and well-priced chance to invest in one Melbourne's most highly sought after suburbs.
Key highlights of this retail investment include:
- Located in one of Melbourne's most affluent inner eastern suburbs, Glen Iris, 5/108 Glen Iris Road is securely leased to pharmaceutical giant Chemist Warehouse Group, trading as 'My Chemist'.
- Providing a net passing income of $46,800 per annum with favorable 4.0% annual increases, future proofing the asset for many years to come.
- Leased on an initial six (6) year term with two (2) further terms of five (5) years, providing options to 2040 & security deposit equivalent to three (3) months' rent.
- Chemist Warehouse Group has over 20,000 employees and 600 stores under 5 different brands, operating the likes of Chemist Warehouse, My Chemist, Ultra Beauty, My Beauty Spot & Optometrist Warehouse.
- Offering 106sqm* of internal building area & direct retail frontage to Glen Iris Road, neighbouring Pantry Glen Iris (owned by Hospitality Group), the Swedish Pilates Studio and Diet Solutions, 108 Glen Iris Road encapsulates a destination health and wellness precinct.
- Glen Iris boasts a median house price of $2,450,000**, historically providing exceptional capital growth & long-term appreciation.
- Access to major retail precincts including Tooronga Shopping Centre, Burwood Village & Camberwell Junction.
- Seamless connectivity to public transportation options inclusive of Glen Iris Railway Station & the Number 5 & 6 Malvern & Glen Iris Tram routes.
- Major arterial network accessibility to Monash Free Way (M1), Burke Road & Toorak Road.
*Approx.
**Realestate.com.au
For further information, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
Remember to mention you found this property on CommercialReady
My Chemist, 5/108 Glen Iris Road, Glen Iris, VIC, 3146
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
