Immediate Returns

Shop 3, 1, Post Office Place, GLENROY, VIC, 3046

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171.00 m2

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Overview

Well-positioned commercial investment with brand new lease.

GrayJohnson is pleased to offer for sale by auction this impressive two-storey commercial freehold securely leased to an established mortgage & financial brokering group.

Surrounded by a mix of retail and commercial businesses and abutting Glenroy Medical Centre, this property is located in a vibrant and diverse commercial precinct. With a brand new 3 + 3-year lease in place, the property is currently returning $40,000 pa net, with fixed annual reviews of 3%.

The opportunity:
• Substantial two-level brick building
• Total building area 171 sqm*
• Stand out location – directly opposite recently-upgraded Glenroy station
• Fully renovated throughout with excellent natural light
• Rear loading access via laneway

The location:
• Close to cafés, restaurants, Coles supermarket, Australia Post
• Abundant council car parking nearby
• Easy access to major arterials including Pascoe Vale Road, Western Ring Road and Tullamarine Freeway.

Auction Wednesday 29 March @ 11 am

*approx.

Key Details

Status

Sold

Type

Retail

Contact

Rory White

Associate Director (melbourne)

rwhite@grayjohnson.com.au

0439 655 504

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Communication throughout was first class. They helped us understand the market, our options and fought hard to get us a great price. We would highly recommend GrayJohnson if you’re looking for a commercial property partner.

Peter Kirkpatrick

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To date, they have achieved just shy of $20 million in sales, for 27 properties and have just been appointed to sell another. We wouldn’t hesitate to recommend Matt, Rory and their team at Gray Johnson to sell your commercial property.

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Matt was exceptional. He helped me understand the commercial market challenges, seller expectations and intricate purchasing processes at auction to secure the purchase. Promptness and clear communications were some amazing visible qualities.

Tony Licciardi

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Thoroughly professional, they keep you informed through out the leasing process, they will do the hard yards to secure a tenant that will suit your premises. I cannot highly recommend GrayJohnson any more for they work hard to achieve the best outcome for their clients.

Edward McDermott

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GrayJohnson were able to find us our new offices quickly and diligently. They continue to be professional and reliable in the management of our tenancy and are always available to assist with any matter if required.

Matt Marshall

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Rory White helped us sell our offices in Richmond. He was professional, accessible and passionate about getting a good result (which he did). I would definitely use again.

Trent O'Sullivan

Balance Advertising

I loved the fact that they had my back, negotiated hard and kept me up to speed through the whole process. The fact is they know what they're talking about, they have the insights and I benefited from that.

Sonya Miller

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We would like to put on record our genuine appreciation and commendation for the services provided by the GrayJohnson sales team. The final negotiations were handled with the utmost professionalism and skill.

Matt Power

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GrayJohnson achieved two property sales in difficult markets with limited buyers and a difficult finance/banking environment. In both cases, Matt, Rory and the team at GrayJohnson worked hard to ensure a result for both vendors.