Sold
Premier Retail Freehold Investment within Pinewood Shopping Village
65 Centreway, Mount Waverley VIC 3149
Last Asking Price - $1,235,000-$1,358,500
RetailSize: n/a
Block size: 171 m² approx.
Burgess Rawson are pleased to offer to the market the Bendigo Bank at 65 Centreway Mount Waverley VIC for sale via Investment Auction Portfolio 167.
The property has the following investment highlights:
+ Renewed 5-year lease to 2027 plus option to 2032
+ Pinewood Community Bank: Well-known and established community bank trading from this site for over 20 years with over 1,000 local customers**
+ Branch of Bendigo & Adelaide Bank: Top 100 ASX listed financial institution (ASX:BEN) with a $5.52 billion market cap*** and over 500 branches across Australia****
+ Fixed 4% compounding annual rent increases, ensuring strong and certain growth
+ Investor preferred, net lease terms with tenant paying all usual outgoings excluding land tax
+ Premier freehold title, within the Pinewood Shopping Village among over 70 other retailers including Coles Supermarket, Subway, Australia Post, Tasman Butchers, Priceline Pharmacy
+ Within 300 metres* of the Monash Freeway, a major commuter road connecting Melbourne CBD with South East growth corridors
+ Surrounded by important social infrastructure including Monash University, Holmesglen Institute and 21 schools within 3km* servicing over 11,300 full time students*****
+ Mount Waverley: Affluent eastern suburb of Melbourne, seeing a 24.3% increase in median house price to $1,615,500 since February 2021******
+ City of Monash: One of Melbourne's largest LGA's, population growth forecast to increase by 19.6% to 250,219 by 2041*******
+ Net Income: $78,470pa* + GST
To be sold via Investment Portfolio Auction 167
10:30am (AEDT) Wednesday 27 March 2024
River Room, Crown Casino, Melbourne
Bidder registration required, register here.
Please contact the exclusively appointed sales team for more information
*Approx
**Pinewood Community Bank - 2023 Annual Report
***ASX
****Bendigo & Adelaide Bank
*****GapMaps
******realestate.com.au
*******Forecast.id
The property has the following investment highlights:
+ Renewed 5-year lease to 2027 plus option to 2032
+ Pinewood Community Bank: Well-known and established community bank trading from this site for over 20 years with over 1,000 local customers**
+ Branch of Bendigo & Adelaide Bank: Top 100 ASX listed financial institution (ASX:BEN) with a $5.52 billion market cap*** and over 500 branches across Australia****
+ Fixed 4% compounding annual rent increases, ensuring strong and certain growth
+ Investor preferred, net lease terms with tenant paying all usual outgoings excluding land tax
+ Premier freehold title, within the Pinewood Shopping Village among over 70 other retailers including Coles Supermarket, Subway, Australia Post, Tasman Butchers, Priceline Pharmacy
+ Within 300 metres* of the Monash Freeway, a major commuter road connecting Melbourne CBD with South East growth corridors
+ Surrounded by important social infrastructure including Monash University, Holmesglen Institute and 21 schools within 3km* servicing over 11,300 full time students*****
+ Mount Waverley: Affluent eastern suburb of Melbourne, seeing a 24.3% increase in median house price to $1,615,500 since February 2021******
+ City of Monash: One of Melbourne's largest LGA's, population growth forecast to increase by 19.6% to 250,219 by 2041*******
+ Net Income: $78,470pa* + GST
To be sold via Investment Portfolio Auction 167
10:30am (AEDT) Wednesday 27 March 2024
River Room, Crown Casino, Melbourne
Bidder registration required, register here.
Please contact the exclusively appointed sales team for more information
*Approx
**Pinewood Community Bank - 2023 Annual Report
***ASX
****Bendigo & Adelaide Bank
*****GapMaps
******realestate.com.au
*******Forecast.id
Inspections
No open inspections scheduled.
Send an enquiry
Contact Jamie Perlinger to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
171 m²*
Other Details
Lot:
9
Plan:
LP54801
Legal description:
9\LP54801
Maps and area information
Block information
Block size: 171m² (approx)
Legal description: 9\LP54801
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
28 Mar 2024
Sold
Burgess Rawson & Associates
Listed: 23/02/2024
Block size: 171m²
Transfer type: Full transfer
Mount Waverley suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
42 years
Population
35,340
Listing ID: 182322987. This listing has been viewed 0 times. It was first displayed on 23/02/2024 and last updated on 28/03/2024.
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.