My Chemist, 5/108 Glen Iris Road

RETAIL INVESTMENT SECURELY LEASED TO PHARMACEUTICAL GIANT ‘CHEMIST WAREHOUSE GROUP’ WITH OPTIONS TO 2040

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 $45,000 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.