Retail for Sale

875-877 Dandenong Road Malvern East, VIC 3145

AUCTION
  • Building: 170m²

Auction details

  • Auction
    8August12:00pm
    12:00pm
    On Site

Auction location: On Site

Contact the agent if you'd like further information.

Enquire with Agent
Retail for Sale in Malvern East

Secure High Profile Retail Investments - Invest & Forget!

  • Building: 170m²

Ray White Commercial is delighted to present to the market a fantastic investment opportunity located in the heart of popular Malvern East and on the ground floor of the recently constructed Gascoigne Apartments. These two (2) retail investment properties will be offered as one by way of a Public on-site Auction on Wednesday 8th August 2018 @ 12:00pm.

Property Details:

  • Total building area | 170m2 approx.
  • Currently returning | $72,100 p/a net
  • 5 + 5 Year Lease commenced June 2017
  • Over 18m of Prime Exposure to Dandenong Rd
  • Fixed annual increases of 3%
  • Two (2) undercover on-site car spaces
  • Commercial 1 Zone (C1Z)

Located on busy Dandenong Road and at the top of Derby Street, these properties benefit from immense exposure and are situated amongst an array of recognised businesses such as Dan Murphy's, Coles Supermarket, Zagames plus the Iconic Chadstone Shopping Centre less than 4kms away. Malvern East is one of Melbourne's most highly sought after South-Eastern suburbs which makes this investment all the more viable.

The properties are serviced with an abundance of Public Transport consisting of the 3 & 3a Tram travelling from Melbourne University to Malvern East stopping across the road as well as Buses & Trains stopping frequently approximately 100 metres away at Caulfield Train Station.

Both properties have been recently leased to One Prime Tenant with further options until 2027!

Terms | 10% deposit and balance due 60 days thereafter.

For further information or to arrange an on-site inspection, please contact one of the exclusive marketing agents:

Paul Rizzo - 0418 688 888
Theo Karkanis - 0431 391 035

Building:

170m²

Categories:

Retail, Offices, Showrooms/Bulky Goods

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