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2 Fletcher Road Chirnside Park VIC 3116

  • Shop & Retail
  • 1,387 m²
  • For Sale, Contact Agent to Discuss

15 YEAR LEASE TO WOOLWORTHS GROUP LIMITED

  • Safe Haven Investment Opportunity
  • Tightly Held Large Format Liquor Asset
  • Strong Trading in Growth Location

Dawkins Occhiuto is pleased to present for sale Dan Murphys Chirnside Park, a purpose built (2017) freestanding liquor store constructed upon a high exposure Commercial 1 Zoned site.

Underpinned by one of Australias most prized ASX listed lease covenants, the property offers a passive, long-term, highly secure income stream.

In the current economic environment there is no more secure property investment opportunity.

The property occupies a high exposure corner position opposite Chirnside Park Shopping Centre surrounded by Reading Cinemas, Hungry Jacks, Red Rooster and 7-Eleven. It forms part of the Eastridge estate, an emerging mixed use precinct with significant future development planned.

The property features:

Total building area of 1,387 square metres*
Large Commercial 1 zoned site of 5,917 square metres*
Corner position and Maroondah Highway exposure
Easy ingress and egress from all directions
Significant depreciation benefits
15 year lease (commenced December 2017) with options
to 2062
Fixed rental increases and turnover rent provisions
Net lease including single holding Land Tax and all usual outgoings
Passing base rent $493,437 per annum*

* approx.

The clear market leader in the sector, Dan Murphys operates 239 stores nationally as part of Australias largest integrated drinks and hospitality business (Endeavour Group) with sales of approximately $10 billion.

The only large format liquor store east of Ringwood, the property benefits from a large geographic catchment, growing population and favourable demographic.

The property is offered for Sale by Expressions of Interest closing 4pm (AEST) on Thursday, 25 June. For further details please contact exclusive marketing agents, Dawkins Occhiuto.

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2016278480
Floor Area1,387 m²
Land Area5,917 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  26 May 2020
Map for 2 Fletcher Road Chirnside Park VIC 3116
Map for 2 Fletcher Road Chirnside Park VIC 31162 Fletcher Road Chirnside Park VIC 3116
Dawkins Occhiuto
95 Cubitt Street Cremorne VIC 3121

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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