1356 Dandenong Road, Hughesdale VIC

For Sale

Retail

SOLD

440m2

Ray White Commercial Victoria is excited to offer this securely leased AAA-grade investment leased to Goodyear & Dunlop Tyres (Aust) Pty Ltd trading as Beaurepaires Chadstone.

Offered for the first time in 28 years, this prime retail investment is located in arguably one of the most prominent and high exposure positions on Dandenong Road. With 29,000* passing vehicles per day, this is one opportunity not to be missed.

Lease details:

- Secure Tenant – Goodyear & Dunlop Tyres Aust Pty Ltd (Australia's largest and most trusted tyre outlet with over 250 stores nationally)
- 5 year lease commenced September 2015
- Further terms – three (3) terms of three (3) years each
- Fixed 3% annual increases and market reviews at commencement of further terms
- Net annual income of $72,100* + GST + outgoings

Property details:

- Building area 440m2*
- Land area 540m2*
- Zoning MUZ
- High exposure location with two street frontages
- Excellent signage rights

The property is being offered to the market via on-site Public Auction, Friday 14th October 2016 at 11:00am.
To obtain further information, or to arrange an inspection, please contact the exclusive sales and marketing agents.

Ryan Amler 0401 971 622
George Kelepouris 0425 798 677

*approx.