SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
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SOLD
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SOLD

Renewed 5 Year Lease to Leading National Furniture Retailer

90a Frankston-Dandenong Road , Dandenong South VIC

Property Highlights

Position Perfect, High Exposure Site
Investor Favoured Net Lease Terms
Compounding Annual 3% Increases

Description

+ Renewed 5-year lease (Renewed 1st August 2022) to 2027 plus 5 year option through to 2032
+ Investor friendly lease with tenant paying all usual outgoings as per the lease
+ Fixed annual 3% increases
+ Leased to Lavita Furniture, a leading national furniture retailer part of the LIVINGUNLMTD group
+ Modern and Versatile 1,600sqm showroom, 36 metre frontage plus 122 on-site carparks
+ A proven performing location with minimal tenant changes over the past 20 years
+ Position Perfect with Forty Winks, Harvey Norman, Officeworks, Fantastic Furniture and Amart Furniture all within 500m*
+ Dandenong South: Land Values up 225% since 2009*
+ Minimum management investment
+ Estimated Net Rent: $257,007 pa + GST.
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To be sold by Investment Portfolio Auction:?
10:30am (AEDT)
Wednesday 15th December 2021
River Room, Crown Casino, Melbourne

*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
1,600 SQM
Building Area
1,600 SQM

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