Burgess Rawson from CBRE is pleased to offer to the market Micheli Jewellery, located at 110, 659 Dandenong Road, Malvern VIC, for sale via Private Treaty.

This opportunity has the following key investment highlights:

+ New seven (7) year net lease to Micheli Jewellery to June 2032.
+ Two (2) further five (5) year options to 2042.
+ Micheli Jewellery: long-established and successful family-owned Australian jewellery in operation for 35+ years, with two locations in Melbourne.
+ Fixed 3% annual rent increases, ensuring rental growth.
+ 4 months security deposit and Directors Guarantees .
+ 2 hour free onsite customer car parking.
+ Prominent 104 sqm* premises with exceptional tenant fit-out and a on title basement car space and storage.
+ Tenant pays usual outgoings.
+ Designed and Developed by Kokoda Property Group who have over 30 years’ experience and have delivered more than 100 projects across Australia.
+ Part of the new ‘Malvern Collective’ Mixed Use development with 205 apartments, 500 residents, and complemented by supportive adjoining retailers, including The Angel of Malvern Hotel due to open April 2026.
+ Strategic location adjoining Malvern Train Station with over a million passengers passing through daily, and only metres from the Woolworths-anchored Malvern Central Shopping centre, Glenferrie Road retail precinct, and Claremont Village.
+ Unrivalled main road exposure fronting Dandenong Road with over 60,000 vehicles passing daily.^
+ Malvern: highly desirable city-fringe suburb located only 7.5km* from the Melbourne CBD, and with a median house price of $2,837,000*.^^
+ City of Stonnington: A highly affluent and established municipality, forecasted to grow by 23.6% to 138,653 residents by 2046.^^^
+ Net Income: $47,000 pa* + GST

For Sale via Private Treaty.

Please contact the exclusively appointed team for more information.

* Approx
^ Gapmaps
^^ Realestate
^^^ Forecast.Id