Freestanding 4,399sqm Metro Melbourne Convenience Retail Investment


+ New 12-year lease to 2034 plus options to 2064.
+ United Petroleum: Top tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 465 sites nationally.**
+ Strong and certain rental growth with annual fixed, compounding 3% increases.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
+ Major 4,399 sqm* retail site with extensive 66 metre* frontage to South Gippsland Highway, a main arterial road servicing 51,000 vehicles daily.***
+ Strategic Metro-Melbourne location just 30km from Melbourne CBD and 3.5km to Dandenong CBD.
+ Reece DC, Visy, Melbourne Truck Centre, Bowens DC, Coates Hire, Australia Post DC, Tip Top, Dulux DC, Greens Road and Monash Freeway connections all within 1.5km.
+ One of Australia’s most important industrial precincts, Dandenong South generates $24.4 billion in annual economic output with an estimated 41,817 jobs in the area.****
+ Greater Dandenong: Fast growing region, with population forecast to grow 22% to over 205,000 by 2029.*****
+ Geographical significance of the area evident through ongoing government funded development projects – the $600 million Dandenong Central Revitalisation Project will deliver over 500 new dwellings, community spaces, retail opportunities and entertainment district.******
+ Minimum management, essential service investment.
+ Net Income: $182,625 pa*

To be sold by Investment Portfolio Auction:
10:30am AEST
Wednesday 30 March 2022
Crown Casino, Melbourne

** United Petroleum
*** Gapmaps
**** Remplan
***** Greater Dandenong Council

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Contact agents
Rick Jacobson Sales Executive
0413 830 083
Matthew Wright Partner
0458 290 588
Zomart He Partner
0488 220 830
Jamie Perlinger Head of Agency | Partner
0413 860 315
Enquiry Form

Dandenong South, VIC

314-322 South Gippsland Highway

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 151

Contact agents