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SECURE INVESTMENT LEASED TO "DULUX GROUP"

64 Dandenong Road West, FRANKSTON VIC, 3199

NEW
For Sale

Property for Sale in 64 Dandenong Road West, FRANKSTON VIC, 3199

Gorman Commercial Real Estate

415 Riversdale Rd, Hawthorn East, VIC 3123

Listing ID:
11388321
Status:
Active
For:
Sale
Last Updated:
29/06/2020
Icon building

Property Type

Retail
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Land Area

N/A
Icon size

Floor Area

440 SQM
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Parking

N/A

SECURE INVESTMENT LEASED TO "DULUX GROUP"

Rare opportunity to acquire this prominent corner showroom securely leased to longstanding tenant (Dulux Group).

Gorman Commercial is pleased to offer this “Set & Forget” investment for sale by way of Expressions of Interest closing Tuesday 28th July at 3pm.

Key attributes of the property include:

* Income: $96,155 p.a. + GST + outgoings (land tax payable by Dulux Group)
* Lease term: 5 + 5 years
* Fixed 3% annual rental increases
* Immaculately presented showroom of 440 sqm approx.
* Dulux Group have been in occupation for 20+ years
* Excellent on-site parking and rear RSD access
* Dulux Group – leading manufacturer of premium branded products including Dulux, Selleys, Yates, Cabots, B & D’s, British Paints, Berger, Poly and Hortico

Strategically located between Frankston City Centre, Frankston Train Station, car dealerships and large format retailers. In close proximity to Eastlink, Mornington Peninsula Freeway and Nepean Highway.

For more details, please email agent

Gorman Commercial Real Estate

415 Riversdale Rd, Hawthorn East, VIC 3123


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