1146-1148 North Road, Oakleigh South, VIC 3167

Retail

Sold

  • Property ID: 430770
  • Floor Area: 260m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 08/06/2023 260m2 N/A Contact Agent
PREMIUM PHARMACY INVESTMENT

Vinci Carbone is pleased to offer for sale this highly sought after healthcare sector investment in a superior Oakleigh South location.

An extremely desired investment opportunity secured by Direct Chemist Outlet with a long lease to 2028 plus options to 2038 with fixed annual increases, providing excellent rental growth.

Key Investment Highlights:

High profile retail premises of 260 sqm* providing a high quality fit out
Leased to a well-known recognised brand, Direct Chemist Outlet on a long lease to 2028 plus options to 2038
Returning $81,461 per annum* plus outgoings with fixed annual increases
10 car parks on Title, also adjoining Dan Murphy’s car park
Significant high exposure frontage to North Road
Rare opportunity for investors to acquire a highly sought after healthcare sector investment in a premium location

Located within the North Road retail village which adjoins the renowned Dan Murphy’s, the property is also within direct proximity to Monash Medical Precinct and Monash University Clayton Campus.

The property is also well serviced by public transport with bus services operating along North Road and Warrigal Road and is also within walking distance to Huntingdale and Oakleigh Train Stations.

For Sale by Public Auction Thursday 8 June 2023 at 2.30pm on site.

*approx.

Additional Information
Features
  • Lease Term: 10 years
  • Car Spaces: 10
Oakleigh South Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $2573 --- ---
Industrial $3333 --- ---
Offices --- $185 ---
This is the average advertised price, rent and yield for Oakleigh South, VIC 3167*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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