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Blue-Chip Essential Service Investment with Future Upside

190-198 Wellington Road , Clayton VIC

Property Highlights

Securely leased to 2026 plus options
Large 2,437 sqm corner site
High underlying land value
Register to Bid

Description

Securely leased to 2026 plus 4 x 5 year options to 2046.
EG Group: Top-tier international fuel and convenience retailer with over 6,000 locations globally and one of Australia’s largest retailers with over 540 EG Group/Woolworths Petrol sites nationally.*
Commanding 2,473 sqm corner site with 96 metre frontage.
High underlying land value and favourable 5-level development precedent.
Strategically positioned on Wellington Road, an important main arterial road servicing an average of over 44,000 vehicles per day with direct access to Monash Freeway.**
Monash University (48,889 students), the new $564million Heart Hospital, IKEA and McDonalds all within 1km.***
The City of Monash is Melbourne’s largest employment hub outside of CBD.***
Surrounded by important social infrastructure, including 17 schools within 3km servicing a combined 11,687 full-time students.****
Located in the heart of the Monash National Employment and Innovation Cluster (MNEIC) and Monash Smart Manufacturing Hub which will support 95,000 jobs.****
Precinct set to benefit from the new $800 million M-City project, the largest mixed-use development in Melbourne with 624 apartments, 250 bed international hotel, retail complex and office space.*****
Clayton: booming south eastern suburb 23km from Melbourne CBD with forecast 36% population growth by 2041.******
Astute essential service investment.
Net Rent: $223,463 pa + GST

To be sold by Investment Portfolio Auction:?
11.15am AEDT, Thursday 11 November

*EG Group
**Gapmaps
***City of Monash
****Monash University & Monash Health
*****Schiavello
******forecast.id

*All areas and figures?approx?only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.?

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
2,473 SQM
Building Area
135 SQM

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