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