Savills is pleased to offer for sale this high profile investment opportunity within the heart of Dandenong's CBD, with the benefit of long-term leases to a national tenant.
Key attributes of this opportunity are:
- Outstanding opportunity to acquire 34 modern, serviced apartments in one line within a striking, 8-level mixed-use building
- Fully leased to national serviced apartment operator - Punt Hill Group
- Long term lease providing for a secure investment
- Total Building Area of 1,834sq m* (average apartment size of 53sq m*)
- Current Income: $723,236 per annum*, with rent not linked to occupancy or vacancy assuring investors of dependable annual gains
- Brand new building with strong depreciation benefits
- Favourable corner position maximising natural light and amenity
- Strong occupancy attributed to a host of lifestyle and retail amenity plus surrounding corporate headquarters
- A commanding corner position with the vibrant and bustling Dandenong central activity centre
- A high quality investment opportunity, underpinned by a long lease to a national operator!
This is an incredibly rare opportunity to invest in a superbly located commercial building, in a high growth location undergoing significant gentrification and government backed investment in Dandenong's CBD. The investment is fully leased with a secure tenant in a location that is serviced by ample retail and lifestyle amenity, presenting the savvy investor with a first class investment opportunity.
157-163 Lonsdale Street, Dandenong is For Sale by Expressions of Interest closing Wednesday 5 July at 2pm.
For further information, please contact:
Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888
Jesse Radisich - 0402 085 702