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11 Assembly Drive
Dandenong South VIC 3175
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Sold on 23 Jun 2021

11 Assembly Drive Dandenong South VIC 3175

  • Medical / Consulting
  • 1,244 m²
  • Sold, $8,628,000

TROPHY & JEWEL IN THE CROWN SUBURBAN INVESTMENT WITH 15 YEAR LEASE, ADJOINING WOOLWORTHS, BWS, BUNNINGS & THE VILLAGE SHOPPING CENTRE PLUS MORE!

Jones Real Estate is pleased to offer this outstanding commercial investment, securely leased for 15 years with 4% annual increases to a highly regarded essential service provider, in arguably Australia's most vibrant and sought after commercial, industrial and residential precincts!

For Sale via Public Auction at 2pm on Wednesday 23 June 2021.

Auction Venue: "Clubhouse Malvern" at 1290-1292 Malvern Rd, Malvern Vic 3144. Bidders must register with Jones Real Estate in order to attend.

The asset itself is primely positioned in South East Melbourne's booming residential, commercial and industrial precinct, at the entrance of CBUS' master planned Estate One Business Park which is anchored by major destination occupiers including; The Village Shopping Centre, Woolworths & BWS, Bunnings, Ceva Logistics, CFA, Carls Jr, Martin Brower, Garden City Plastics and General Motors Holden among many more.

Access to the site is seamless, given its proximity to major and essential arterial networks South Gippsland Freeway, Princess Highway, Monash Freeway (M1) & South Gippsland Highway/Westernport Hwy.

This blue-chip and quality passive investment's underlying land value and capital appreciation is undoubtedly secure, for the three decades of lease tenure and options remaining.

Key investment highlights of this remarkable investment include;

- Current passing rental of $405,600 per annum* plus GST & Outgoings

- 15-year initial lease with 2x 10-year optional terms

- Highly desirable 4% fixed annual increases

- Expansive land holding of 3,735sqm zoned Commercial 2

- Securely tenanted with head lease to prominent and highly successful early learning provider Kool Kidz (Hortis & Associates Pty Ltd), with 14 established sites throughout Victoria

- TLocation underpinned by the adjoining occupiers including The Village Shopping Centre, Woolworths, BWS, Bunnings, McDonalds, Carls Jr, General Motors Holden, Ceva Logistics, Martin Brower, Iveco Trucks, BP, CFA, Red Rooster, Atura Hotels and many more!

- Near new construction with significant depreciation benefits!

- Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with the Federal and State Governments providing record funding of $10.5 billion in the 2019/20 financial year

For Sale via Public Auction on Wednesday 23rd June 2021 at 2pm - to be held at "Clubhouse Malvern" 1290-1292 Malvern Rd, Malvern Vic 3144.

Bidders must RSVP to attend.

AUCTION

Auction date and time23/06/2021 14:00
Auction locationClubhouse Malvern
Jones Real Estate
Jones Real Estate
Level 13, 520 Collins Street
Melbourne, VIC 3000

Property Highlights

Date Sold23 Jun 2021
Sold Price$8,628,000
Floor Area1,244 m²
Land Area3,735 m²
ParkingAsk Agent
Property ID2017022553
Category
Last updated  23 Jun 2021
Map for 11 Assembly Drive Dandenong South VIC 3175

Nearest transport* to 11 Assembly Drive Dandenong South VIC 3175

Bus
Train
Doveton Ave/Princes Hwy (Dandenong South)398 m
Olive Rd/Princes Hwy (Eumemmerring)401 m
Olive Rd/Princes Hwy (Dandenong South)405 m
Doveton Ave/Princes Hwy (Eumemmerring)452 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Jones Real Estate
Jones Real Estate
Level 13, 520 Collins Street
Melbourne, VIC 3000

Property Highlights

Date Sold23 Jun 2021
Sold Price$8,628,000
Floor Area1,244 m²
Land Area3,735 m²
ParkingAsk Agent
Property ID2017022553
Category
Last updated  23 Jun 2021

Co-Agents

Tim Spargo
Tim Spargo
Jones Real Estate
Call
0402 747 030
Paul Jones
Paul Jones
Jones Real Estate
Call
0488 779 749
Luke Peric
Luke Peric
Jones Real Estate
Call
0432 467 771

More about 11 Assembly Drive Dandenong South VIC 3175

11 Assembly Drive Dandenong South VIC 3175 is categorized as Medical & Consulting Property. It has a floor area of 1,244 m² and a land area of 3,735 m². The listing ID for this property is 2017022553.

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