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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
    TIm Spargo
    Jones Real Estate
    TIm Spargo
    Jones Real Estate
    Paul Jones
    Jones Real Estate
    Paul Jones
    Jones Real Estate
    Sam Guest
    Jones Real Estate
    Sam Guest
    Jones Real Estate
    Luke Peric
    Jones Real Estate
    Luke Peric
    Jones Real Estate

    Property Highlights

    Property ID2017022553
    Date Sold23 Jun 2021
    Sold Price$8,628,000
    Floor Area1,244 m²
    Land Area3,735 m²
    ParkingAsk Agent
    Category
    Last updated  23 Jun 2021
    Map for 11 Assembly Drive Dandenong South VIC 3175
    Map for 11 Assembly Drive Dandenong South VIC 317511 Assembly Drive Dandenong South VIC 3175
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    • Purchase price

      $
      8,628,000

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    TIm Spargo
    Jones Real Estate
    TIm Spargo
    Jones Real Estate
    Paul Jones
    Jones Real Estate
    Paul Jones
    Jones Real Estate
    Sam Guest
    Jones Real Estate
    Sam Guest
    Jones Real Estate
    Luke Peric
    Jones Real Estate
    Luke Peric
    Jones Real Estate

    Property Highlights

    Property ID2017022553
    Date Sold23 Jun 2021
    Sold Price$8,628,000
    Floor Area1,244 m²
    Land Area3,735 m²
    ParkingAsk Agent
    Category
    Last updated  23 Jun 2021
    Jones Real Estate
    Level 2, 90 William St Melbourne VIC 3000
    TIm Spargo
    Jones Real Estate
    TIm Spargo
    Jones Real Estate
    Paul Jones
    Jones Real Estate
    Paul Jones
    Jones Real Estate
    Sam Guest
    Jones Real Estate
    Sam Guest
    Jones Real Estate
    Luke Peric
    Jones Real Estate
    Luke Peric
    Jones Real Estate

    Ask TIm Spargo about this property

    TIm Spargo

    TIm Spargo

    Jones Real Estate

    Paul Jones

    Paul Jones

    Jones Real Estate

    Sam Guest

    Sam Guest

    Jones Real Estate

    Luke Peric

    Luke Peric

    Jones Real Estate

    0402 *** ***
    0402 747 030

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