SOLD | $8,628,000

11 Assembly Drive, Dandenong South VIC, Australia
  • Address: 11 Assembly Dr Dandenong South VIC 3175
  • Land Area: 3,735 sqm*
  • Property type: Investment
  • Offer type: Transactions
  • City: Dandenong South
  • Post Code: 3175

Overview

TROPHY & JEWEL IN THE CROWN SUBURBAN INVESTMENT WITH 15 YEAR LEASE, ADJOINING WOOLWORTHS, BWS, BUNNINGS & THE VILLAGE SHOPPING CENTRE PLUS MORE!

  • 15 YEAR LEASE WITH 2X 10 YEAR OPTIONS
  • 4% FIXED ANNUAL INCREASES
  • ADJOINING WOOLWORTHS, BUNNINGS + MORE!

Jones Real Estate is pleased to offer this outstanding commercial investment, securely leased for 15 years with 4% annual increases to a highly regarded essential service provider, in arguably Australia’s most vibrant and sought after commercial, industrial and residential precincts!

For Sale via Public Auction at 2pm on Wednesday 23 June 2021.

Auction Venue: “Clubhouse Malvern” at 1290-1292 Malvern Rd, Malvern Vic 3144. Bidders must register with Jones Real Estate in order to attend.

The asset itself is primely positioned in South East Melbourne’s booming residential, commercial and industrial precinct, at the entrance of CBUS’ master planned Estate One Business Park which is anchored by major destination occupiers including; The Village Shopping Centre, Woolworths & BWS, Bunnings, Ceva Logistics, CFA, Carls Jr, Martin Brower, Garden City Plastics and General Motors Holden among many more.

Access to the site is seamless, given its proximity to major and essential arterial networks South Gippsland Freeway, Princess Highway, Monash Freeway (M1) & South Gippsland Highway/Westernport Hwy.

This blue-chip and quality passive investment’s underlying land value and capital appreciation is undoubtedly secure, for the three decades of lease tenure and options remaining.

Key investment highlights of this remarkable investment include but are not limited to;

  • Current passing rental of $405,600 per annum* plus GST & Outgoings
  • 15-year initial lease with 2x 10-year optional terms
  • Highly desirable 4% fixed annual increases
  • Favourable Commercial 2 Zoning
  • Securely tenanted with head lease to prominent and highly successful early learning provider Kool Kidz (Hortis & Associates Pty Ltd), with 14 established sites throughout Victoria
  • This destination location is underpinned by the adjoining occupiers including The Village Shopping Centre, Woolworths, BWS, Bunnings, McDonalds, Carls Jr, General Motors Holden, Ceva Logistics, Martin Brower, Iveco Trucks, BP, CFA, Red Rooster, Atura Hotels and many more!

This property is For Sale via Public Auction on Wednesday 23rd June 2021 at 2pm – to be held at “Clubhouse Malvern” 1290-1292 Malvern Rd, Malvern Vic 3144.
Bidders must register with the exclusively appointed agents in order to attend.

Further information is available upon request.

*approx.

*Denotes approx.

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

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