Skip to main content
SearchBack to results
Sold on 21 Oct 2021

1406-1424 Dandenong Road Oakleigh VIC 3166

  • Shop & Retail
  • 5,023 m²
  • Sold

Melbourne's Ultimate Landbank Freehold Investment

    Burgess Rawson and Gross Waddell ICR, with Advise Transact acting as Transaction Manager, are pleased to present this ultimate landbank investment merely meters from Australia's largest shopping centre being Chadstone Shopping Centre.

    1406-1424 Dandenong Road (corner Drummond Street), Oakleigh is a strategically positioned landholding and benefits from recently committed long term leases and significant passing depreciation benefits.

    Investment highlights include:

    Blue-chip investment with brand new 15 and 10+5 year leases to Chadstone Ford, Hyundai and Hungry Jack's (expiring 2036).
    Phenomenal and steady income stream with future value underwritten by surrounding high-density developments.
    Invaluable 6,953 sqm* corner landholding providing combined frontage of 191 metres*.
    Favourable Commercial 1 Zoning (C1Z) with a 10-level development precedent on the opposite side of Princes Highway.
    Strategically positioned with the internationally acclaimed Chadstone Shopping Centre, iconic Eaton Mall, Monash Freeway and Oakleigh train station all within 1.1km*.
    Bustling precinct which houses many national operators including Chemist Warehouse, Toyota, Shell, KFC and Beaumont Tiles plus many more.
    Strong and certain rental growth via annual, fixed, compounding 2.5% rent increases.
    Outstanding depreciation benefits, with 57% of year 1 rent potentially tax deductible (source Napier & Blakeley)
    Thriving tenants in booming industries: Australia's new car sales market is up 28.3% (source FCAI) and the drive thru fast food sector is growing at record pace.
    Underlying land value with Oakleigh boasting a median house price of $1,450,000, up 20.4% in the last 12 months (source REIV).

    International Expressions of Interest now closed. Announcement coming soon.
    For further information please contact the agents directly.

    *All measurements are approximate and all boundary mark ups are indicative only.

    Billy Holderhead
    Burgess Rawson & Associates
    Billy Holderhead
    Burgess Rawson & Associates
    Zomart He
    Burgess Rawson & Associates
    Zomart He
    Burgess Rawson & Associates
    Michael Gross
    Gross Waddell ICR Pty Ltd
    Michael Gross
    Gross Waddell ICR Pty Ltd
    Danny Clark
    Gross Waddell ICR Pty Ltd
    Danny Clark
    Gross Waddell ICR Pty Ltd

    Property Highlights

    Property ID2017229242
    Date Sold21 Oct 2021
    Floor Area5,023 m²
    Land Area6,953 m²
    ParkingAsk Agent
    Category
    Last updated  2 Sep 2021
    Map for 1406-1424 Dandenong Road Oakleigh VIC 3166
    Billy Holderhead
    Burgess Rawson & Associates
    Billy Holderhead
    Burgess Rawson & Associates
    Zomart He
    Burgess Rawson & Associates
    Zomart He
    Burgess Rawson & Associates
    Michael Gross
    Gross Waddell ICR Pty Ltd
    Michael Gross
    Gross Waddell ICR Pty Ltd
    Danny Clark
    Gross Waddell ICR Pty Ltd
    Danny Clark
    Gross Waddell ICR Pty Ltd

    Property Highlights

    Property ID2017229242
    Date Sold21 Oct 2021
    Floor Area5,023 m²
    Land Area6,953 m²
    ParkingAsk Agent
    Category
    Last updated  2 Sep 2021
    Level 7, 140 Bourke Street Melbourne VIC 3000
    Billy Holderhead
    Billy Holderhead
    Burgess Rawson & Associates
    Zomart He
    Zomart He
    Burgess Rawson & Associates
    Michael Gross
    Michael Gross
    Gross Waddell ICR Pty Ltd
    Danny Clark
    Danny Clark
    Gross Waddell ICR Pty Ltd

    Billy Holderhead

    Burgess Rawson & Associates

    Zomart He

    Burgess Rawson & Associates

    Michael Gross

    Gross Waddell ICR Pty Ltd

    Danny Clark

    Gross Waddell ICR Pty Ltd

    0422 *** ***
    0422 817 696

    More Shop & Retail for Sale in Oakleigh VIC

    Sold
    40-42 atherton road,oakleigh, VIC 3166
    278 m²
    Shop & Retail
    Sold$12,000,000
    807-811 warrigal road,oakleigh, VIC 3166
    3,686 m²
    Shop & Retail
    Sold
    11 atherton road,oakleigh, VIC 3166
    319 m²
    Shop & Retail
    Contact Agent