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1 & 2/8 Oleander Drive, MILL PARK VIC, 3082

Sold
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Property Sold in 1 & 2/8 Oleander Drive, MILL PARK VIC, 3082

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11300341
Status:
Sold
Last Updated:
29/05/2020
Price:
Price on Request
Icon building

Property Type

Retail/Showrooms/Bulky Goods/Offices
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Land Area

507 SQM
Icon size

Floor Area

507 SQM
Icon parking

Parking

N/A

Versatile Retail Showroom Investment - ASX Listed Tenant

Renewed 5 year lease to DuluxGroup to 2023 plus option to 2028.
DuluxGroup Limited (DLX): Leading marketer and manufacturer of premium branded products including Dulux, Selleys, Yates, Cabot’s, B&D, British Paints, Berger, Poly and Hortico. Market cap $3 Billion (May 2018).
Fixed annual 3% rent increases.
Premium Commercial 1 Zoning.
Immaculately presented 507 sqm retail showroom over two titles, ample store front parking and dual RSD access at rear.
Strategic position between Westfield, Bunnings, South Morang Train Station, car dealers and Large Format Retailers.
Tenant pays all usual outgoings including Single Holding Land Tax.
City of Whittlesea: one of Australia’s fastest growing municipalities – current estimated population 209,118 forecast to grow 81.40% by 2041.
Rent: $114,000 pa.

Auction 11am AEST Wednesday 20 June 2018
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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