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48 McCrae Street
Dandenong VIC 3175
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48 McCrae Street Dandenong VIC 3175

  • Shop & Retail
  • 460 m²
  • For Sale, Contact Agent

Long Lease, Multi-tenanted Secure Investment on Huge Land Holding

    Cameron is pleased to exclusively offer for sale via expressions of interest this secure investment located in the heart of Dandenong's thriving commercial precinct.

    Located directly opposite Dandenong Plaza, this secure investment sits on an enormous land parcel of 1077m²*, providing an immediate income stream and the upside to develop or extend at a later date (STCA). With a collective size of 460m²*, the three tenancies' central location ensures the shops are consistently sought after and provide strong rental growth. The additional land allocation offers tenants and clients substantial carparking and convenient refuge from the hustle and bustle of central Dandenong.

    Returning $130,995pa + GST + outgoings with all tenants securely committed on long-term leases, this rare investment with substantial upside is not to be missed.

    Key features:
    - 1,077 m²* Land area
    - Comprehensive Development Zone 2
    - 460 m²* building with three solid tenancies
    - Currently returning $130,995 per annum plus GST and outgoings
    - Ample on-site parking and surrounding street parking
    - Located opposite Dandenong Plaza, moments from Dandenong Council, Lonsdale Street, Dandenong train station and Princes Highway

    Tenancy details:

    Shop 1: 115 m²*
    Tenant: Key Graphics Pty Ltd
    Type of lease: Retail
    Current Term: 5 years
    Term Expires: 14/05/2028
    Further Terms: 1 x 5 years

    Shop 2: 115 m²*
    Tenant: Flight Experts Pty Ltd
    Type of lease: Retail
    Current Term: 5 years
    Term Expires: 29/05/2029
    Further Terms: 1 x 2 years

    Shop 3: 230 m²*
    Tenant: Springvale Learning and Activities Centre Incorporated
    Type of lease: Retail
    Current Term: 5 years
    Term Expires: 26/11/2028
    Further Terms: N/A

    Expressions of interest closes on Thursday, 30th of May at 4:00 pm (unless sold prior).

    Contact the exclusive agents at Cameron for more information and to arrange an inspection.

    *Approximate
    **Outlines indicative only

    Property Highlights

    Floor Area460 m²
    Land Area1,077 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2019227835
    Category
    Last updated  7 May 2024
    Map for 48 McCrae Street Dandenong VIC 3175

    Property Highlights

    Floor Area460 m²
    Land Area1,077 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2019227835
    Category
    Last updated  7 May 2024

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