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Hotel/Leisure For Sale found in ROWVILLE, VIC 3178

Properties located in the surrounding suburbs

LANDMARK INVESTMENT OPPORTUNITY LEASED T...

Investment | Hotel/Leisure | Retail | Offices

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 Immediate Private Sale.
For further information, please contact:
Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888
Jesse Radisich - 0402 085 702

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Price: Immediate Private Sale    Building: 1834m²    Occupancy: Tenanted

SUBURB PRICE GUIDE

Suburb Summary - Rowville, VIC 3178

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $233
Retail $448
Industrial $112
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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