Savills is delighted to offer this exceptional investment opportunity at 467 Maroondah Highway, Lilydale - a modern car wash complex abutting a prominent Shell Petrol Station. The property enjoys prominent exposure to Maroondah Highway, providing unparalleled exposure to an average of 29,000^ vehicles passing per day.
The key attributes of this fantastic property include:
Large landholding of 2,315sq m*
- Modern, five self-service bays and touch free automatic bay
- High quality, well maintained facility
- New 10+5+5+5+5 year lease from February 2017
- Current Net Rental: $115,000 per annum + Outgoings and GST
- Fixed annual rental growth
- Experienced tenant with multiple locations under management
- Significant potential depreciation benefits available
- Strategically positioned next to a busy Shell/Coles Express petrol station
- Huge exposure with 29,000 cars*^ passing daily
- Extremely rare investment opportunity with a new long-term lease and built in rental growth!
467 Maroondah Highway, Lilydale is For Immediate Private Sale.
For further information, please contact:
Julian Heatherich - 0412 995 655
Jesse Radisich - 0402 085 702 *Approx ^Source: Level Crossing Removal Authority