Stonebridge National Investment Sales is pleased to present Dulux South Morang for sale via National Portfolio Auction on Wednesday 20th September 2023 at 11am.
The asset has the following key investment features:
- 100% leased by Dulux Group Australia on a triple net lease – tenant pays for all outgoings including land tax and management fees
- Vendor favoured recently renewed 5-year net lease with 3% annual rental increases and one further term through to 2033
- Dulux Group Australia is a subsidiary of Nippon Paint Holdings Co, a global powerhouse and market leader throughout Japan, Asia, Australia, and Turkey (Market Capitalisation: $27.5 billion)
- Prime retail position bookended by Westfield Plenty Valley, Axis Lifestyle Centre, HomeCo South Morang, and Bunnings
- The strategic and well-presented large format retail store spans 507 sqm* across two titles, and benefits from 25 m* of valuable street frontage
- Forming part of ‘The Hub’ Large Format Retail precinct bolstered by 50+ free off-street car parks
- Located in the City of Whittlesea, a booming growth corridor municipality with an anticipated 47.75% population increase by 2041
Dulux South Morang is offered for sale via National Portfolio Auction on Wednesday 20th September 2023 at 11am (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Rorey James
0439 400 081
Kevin Tong ???
0422 848 818
Nic Hage
0448 782 594
Property Code: 743