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Landmark Corner Retail/Childcare Freehold Investment

Corner Painted Hills Road & Hazel Glen Drive, DOREEN VIC, 3754

Sold

Property Sold in Corner Painted Hills Road & Hazel Glen Drive, DOREEN VIC, 3754

Listing ID:
11312350
Status:
Sold
Price:
EOI Closed - Offers Under Review
Last Updated:
08/07/2019
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Property Type

Retail/Medical/Consulting/Offices
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Land Area

2780 SQM
Icon size

Floor Area

3753 SQM
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Parking

N/A

Landmark Corner Retail/Childcare Freehold Investment

Savills are delighted to offer for sale this landmark Doreen mixed-use investment, which is ideally positioned to capitalise on what is truly one of Melbourne’s growth hot-spots. Having just been completed, this magnificent three-level corner building presents extremely well throughout, and is ideally positioned a thriving retail hub.

The key attributes of this outstanding asset include:
- Brand new, just completed state-of-the-art building
- Fully leased to a range of high quality tenants including Guardian Childcare, Fletcher’s Real Estate and Twelve Round Fitness
- Long-term leases in place with fixed annual rental growth
- Current Net Rental: $871,324 per annum* + Outgoings & GST
- Total Building Area: 3,753sq m*
- Includes 66 undercover car spaces
- Highly exposed corner landholding of 2,780sq m*
- Brand new building providing huge depreciation benefits
- Premium retail corner position directly opposite Woolworths Laurimar Shopping Centre and extensive adjoining retail amenity
- Positioned at the heart of one of Melbourne’s boom growth precincts, further enhanced by the Mernda Rail Extension Project

The opportunity to secure such a high quality, modern mixed-use asset of this nature is extremely rare, especially when you consider the burgeoning location, long leases to high quality tenants, exceptional future growth potential and unprecedented future development potential. Accordingly, we encourage prospective purchasers to actively consider this excellent opportunity.

EOI Closed - Offers Under Review

Clinton Baxter - 0413 569 888
Jesse Radisich - 0402 085 702
Benson Zhou - 0458 488 888

*Approx

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


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