Prime Investment with ASX Tenant – First Time Offered for Sale in 30 Years

435 Mount Dandenong Road, Kilsyth VIC 3137, Australia
  • Address: 435 Mount Dandenong Road Kilsyth VIC 3137
  • Land Area: 1527 sqm*
  • Property type: Factory & Industrial • Other • Showrooms & Bulky Goods
  • Offer type: For Sale
  • City: Kilsyth
  • Post Code: 3137
  • Features: 5 year lease to ASX AMA Group Ltd , net-passing-income-of-162-240pa , Set and forget with 4% increases

Overview

PRIME INVESTMENT WITH ASX TENANT – FIRST TIME OFFERED FOR SALE IN 30 YEARS

  • NET PASSING INCOME $185,006PA
  • 5 YEAR LEASE TO ASX AMA GROUP LTD
  • SET & FORGET WITH 4% INCREASES

Jones Real Estate is pleased to present For Sale 435 Mount Dandenong Road, Kilsyth, VIC 3137.

For Sale via Public Auction Friday 27 November at 1pm.

Here lies the opportunity to acquire an asset with origins dating back almost a century – securely leased to a blue chip ASX listed tenant AMA Group (AMA: ASX).

Located on a major thoroughfare, Mount Dandenong Road, connecting Melbourne’s inner east to outer east, nearby major occupiers including Woolworths, Coles, Aldi and other high profile corporations, the asset is primely positioned at the corner of Churchill Way – offering 68m* of dual street exposure and the prospects of long term development potential!^

Key features include;

  • Net passing income of $185,006 per annum* plus GST + 100% of outgoings (including land tax)
  • Securely leased to top performing, blue chip ASX listed automotive aftercare and accessories company AMA Group
  • Favorable Commercial 1 Zoning (C1Z) offering substantial long-term re-development potential^
  • Ample onsite customer car parking and exposure to major thoroughfare
  • 5-year secure lease with 5-year optional term
  • 4% fixed annual increases

*Approx
^STCA = subject to council approval

For further information or to arrange an inspection, please contact Jones Real Estate’s appointed agents.

Tim Spargo
+61 402 747 030
Tim.Spargo@Jonesre.com.au

Paul Jones
+61 488 779 749
Paul.Jones@Jonesre.com.au

Sam Guest
+61 458 467 482
Sam.Guest@Jonesre.com.au

Luke Peric
+61 432 467 771
Luke.Peric@Jonesre.com.au

  • ID: 4303
  • Views: 465