Shop 16, 518 Mount Dandenong Road, Kilsyth, VIC 3137

Retail

Sold

  • Property ID: 437517
  • Floor Area: 62m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Shop 16 Sold 15/11/2023 62m2 N/A Contact Agent
AN INVESTMENT BRINGING IN THE DOUGH

POINT OF INTEREST:

A standout set and forget investment leased to Bakers Delight. Occupying the premises since 2007, Bakers Delight have recently renewed their lease for five years with two further five-year options; assuring any astute investor, they are here for the long term.

This cleverly designed 62sqm* retail space is strategically positioned within Kilsyth Shopping Centre and surrounds itself with complimentary national retailers such as Woolworths, Aldi, Dan Murphy’s, BWS, Petstock, Caremore Pharmacy and many more.

Still proudly family-owned and operated by joint CEOs Elise Gillespie & David Christie, Bakers Delight is now Australia’s most successful bakery franchise and can be found in more than 700 locations across Australia, Canada, USA and New Zealand.

- Leased to Bakers Delight since 2007
- Rental $35,937.44 p.a from 1st December 2023
- Near new 5 + 5 + 5 year lease
- 62 sqm* gross building area
- Plenty of communal car spaces
- Mount Dandenong Road frontage
- 3 km* to Croydon Railway Station
- 2.7 km* to Maroondah Highway

POINT OF VIEW:

Whether you’re looking for a sweet treat to add to your portfolio, or an approachable entry point into commercial property — this investment is as timeless as an iced finger bun.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: N/A
  • Lease Term: Five (5) years + five (5) years + five (5) years
  • Rent Review: 3% annual increases + market review at options
  • Car Spaces: Common
  • Condition: Excellent
  • Air Conditioning: Yes
  • Floors: Concrete
  • Lifts: N/A
  • Height: 2.7 meters
  • Age: Approx. 40 years
  • Car Parking Fees: N/A
Outgoings
  • Water Rates: $1,140 approx. pa + GST rates ($1,208 approx. pa +
  • Land Tax: N/A (Single Holding)
  • Council Rates: $4,250 approx. pa + GST
  • Owners Corp. / Insurance: $4,700 approx. pa + GST
  • Other Charges: Landlord Public Liability - $720 approx. pa + GST
Kilsyth Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $2532 --- ---
Industrial $3607 $109 3.02%
Retail $2532 --- ---
This is the average advertised price, rent and yield for Kilsyth, VIC 3137*

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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