Sold
The Last Major Landholding of its Kind in Glen Iris – Spanning 8,687sqm* with Future Development Potential Limited Only to Ones Imagination
Tait Mitre 10, 1-3, 5-7 & 15 Weir Street, Glen Iris VIC
Sold
Stonebridge Property Group and Gross Waddell ICR (under instruction from Advise Transact) are pleased to present for sale possibly Melbourne’s most lucrative land bank income producing property being Tait Mitre 10 Glen Iris (1-3, 5-7 & 15 Weir St).
- Highly secure hardware investment located in Melbourne’s Blue Chip inner east suburb of Glen Iris, only 10km* from the Melbourne CBD
- Recently renewed 5 year NET lease to Mitre 10, owned by ASX Listed Metcash (ASX:MTS)
- Long standing tenant presence, trading as a Hardware store for over 40 years
- Substantial underlying land holding, spread over 8,687sqm* with significant future development opportunities
- Servicing Melbourne’s most affluent inner eastern suburbs being Toorak, Hawthorn East, Malvern and Glen Iris
- Only 400m* to the Tooronga Train Station providing direct access to the Melbourne CBD
- Fully leased net income of $1,061,171*, with annual CPI increases
*Approx.
A property steeped in the culture and heritage of Glen Iris having been a hardware store for in excess of 40 years.
To obtain further information, please contact the exclusive selling agents.
