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Sold on 6 Sep 2019

Unit 9/286-288 Maroondah Highway Chirnside Park VIC 3116

  • Showrooms / Bulky Goods
  • 850 m²
  • Sold, $1,675,000

Secure & Well Established Investment

  • Returning $118,014 per annum net
  • Strong 3.0% fixed annual increases
  • Long standing tenant

Cushman and Wakefield is pleased to present to market this securely leased investment situated in Chirnside Park’s thriving retail commercial precinct.

Situated on Maroondah Highway major occupiers surrounding the subject property include Harvey Norman, Bunnings Warehouse, Autobarn, Petbarn, JB Hi Fi, Fernwood, Beacon Lighting among others.

Leased to long standing tenant Acespace Pty Ltd, the property consists of a concrete tilt panel unit currently occupied as a Children’s indoor play centre. Total building area is approximately 850 square metres.

Main features include:

• Renewed 5 year lease commencing 1 March 2019
• Leased to well established tenant Ace Space Children's Play Centre
• Returning $118,014 per annum net
• Building area of 850 square metres approximately
• Strong 3.0% fixed annual increases
• Options 2x5 years each
• Excellent signage and exposure on Maroondah Highway
• Zoned Commercial 2

Offered for immediate Private Sale

Please contact Robert Colaneri 0431 146 727 or Jordie Cassidy 0419 399 981 for further information.

Robert Colaneri
Cushman & Wakefield Melbourne
Robert Colaneri
Cushman & Wakefield Melbourne

Property Highlights

Property ID2015435659
Date Sold6 Sep 2019
Sold Price$1,675,000
Floor Area850 m²
Land AreaAsk Agent
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  21 Oct 2019
Map for Unit 9/286-288 Maroondah Highway Chirnside Park VIC 3116
Map for Unit 9/286-288 Maroondah Highway Chirnside Park VIC 3116Unit 9/286-288 Maroondah Highway Chirnside Park VIC 3116
Robert Colaneri
Cushman & Wakefield Melbourne
Robert Colaneri
Cushman & Wakefield Melbourne

Property Highlights

Property ID2015435659
Date Sold6 Sep 2019
Sold Price$1,675,000
Floor Area850 m²
Land AreaAsk Agent
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  21 Oct 2019
Cushman & Wakefield Melbourne
Level 9, 385 Bourke Street Melbourne VIC 3000
Robert Colaneri
Cushman & Wakefield Melbourne
Robert Colaneri
Cushman & Wakefield Melbourne
Robert Colaneri

Robert Colaneri

Cushman & Wakefield Melbourne

0431 *** ***
0431146727

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