Long Lease, Multi-tenanted Secure Investment on Huge Land Holding
48 McCrae Street, Dandenong VIC 3175
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RetailSize: n/a
Block size: 1077 m² approx.
Cameron is pleased to exclusively offer for sale via expressions of interest this secure investment located in the heart of Dandenong's thriving commercial precinct.
Located directly opposite Dandenong Plaza, this secure investment sits on an enormous land parcel of 1077m²*, providing an immediate income stream and the upside to develop or extend at a later date (STCA). With a collective size of 460m²*, the three tenancies' central location ensures the shops are consistently sought after and provide strong rental growth. The additional land allocation offers tenants and clients substantial carparking and convenient refuge from the hustle and bustle of central Dandenong.
Returning $130,995pa + GST + outgoings with all tenants securely committed on long-term leases, this rare investment with substantial upside is not to be missed.
Key features:
- 1,077 m²* Land area
- Comprehensive Development Zone 2
- 460 m²* building with three solid tenancies
- Currently returning $130,995 per annum plus GST and outgoings
- Ample on-site parking and surrounding street parking
- Located opposite Dandenong Plaza, moments from Dandenong Council, Lonsdale Street, Dandenong train station and Princes Highway
Tenancy details:
Shop 1: 115 m²*
Tenant: Key Graphics Pty Ltd
Type of lease: Retail
Current Term: 5 years
Term Expires: 14/05/2028
Further Terms: 1 x 5 years
Shop 2: 115 m²*
Tenant: Flight Experts Pty Ltd
Type of lease: Retail
Current Term: 5 years
Term Expires: 29/05/2029
Further Terms: 1 x 2 years
Shop 3: 230 m²*
Tenant: Springvale Learning and Activities Centre Incorporated
Type of lease: Retail
Current Term: 5 years
Term Expires: 26/11/2028
Further Terms: N/A
Expressions of interest closes on Thursday, 30th of May at 4:00 pm (unless sold prior).
Contact the exclusive agents at Cameron for more information and to arrange an inspection.
*Approximate
**Outlines indicative only
Located directly opposite Dandenong Plaza, this secure investment sits on an enormous land parcel of 1077m²*, providing an immediate income stream and the upside to develop or extend at a later date (STCA). With a collective size of 460m²*, the three tenancies' central location ensures the shops are consistently sought after and provide strong rental growth. The additional land allocation offers tenants and clients substantial carparking and convenient refuge from the hustle and bustle of central Dandenong.
Returning $130,995pa + GST + outgoings with all tenants securely committed on long-term leases, this rare investment with substantial upside is not to be missed.
Key features:
- 1,077 m²* Land area
- Comprehensive Development Zone 2
- 460 m²* building with three solid tenancies
- Currently returning $130,995 per annum plus GST and outgoings
- Ample on-site parking and surrounding street parking
- Located opposite Dandenong Plaza, moments from Dandenong Council, Lonsdale Street, Dandenong train station and Princes Highway
Tenancy details:
Shop 1: 115 m²*
Tenant: Key Graphics Pty Ltd
Type of lease: Retail
Current Term: 5 years
Term Expires: 14/05/2028
Further Terms: 1 x 5 years
Shop 2: 115 m²*
Tenant: Flight Experts Pty Ltd
Type of lease: Retail
Current Term: 5 years
Term Expires: 29/05/2029
Further Terms: 1 x 2 years
Shop 3: 230 m²*
Tenant: Springvale Learning and Activities Centre Incorporated
Type of lease: Retail
Current Term: 5 years
Term Expires: 26/11/2028
Further Terms: N/A
Expressions of interest closes on Thursday, 30th of May at 4:00 pm (unless sold prior).
Contact the exclusive agents at Cameron for more information and to arrange an inspection.
*Approximate
**Outlines indicative only
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
Send an enquiry
Contact Ed Cooper to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
1077 m²*
Other Details
Lot:
1
Plan:
LP18214
Legal description:
1\LP18214
Maps and area information
Block information
Block size: 1077m² (approx)
Legal description: 1\LP18214
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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SummaryMedian sales
Average Age
35 years
Population
30,127
Listing ID: 182502634. This listing has been viewed 3 times. It was first displayed on 07/05/2024 and last updated on 07/05/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.