444 BURWOOD HIGHWAY, Wantirna South, VIC 3152

Retail | Offices | Medical

For Sale

  • Property ID: 440484
  • Floor Area: 180m²
  • Land Area: 186m²
  • Occupancy: Tenanted
TWO LEVEL RETAIL INVESTMENT IN HIGH PROFILE LOCATION

Appleby Commercial is pleased to offer 444 Burwood Highway, Wantirna South for sale. This 2-level retail/office building offers investors and future owner occupiers the ability to purchase a high exposure commercial asset located in a strategic position opposite Westfield Knox within a vibrant and tightly held strip complex.
The ground floor level is currently tenanted on a month-to-month lease agreement and the first floor has a brand new 3 year lease in place with 2 further 3 year options.

Invest or occupy, either way this versatile layout will appeal to a wide range of businesses with future ongoing tenancies driving strong demand with potential for a myriad of uses including retail, medical or professional offices.

Appleby Commercial recommends all investors and owner occupiers to seriously consider the opportunity this property has to offer.

PROPERTY ATTRIBUTES
+ Total building area: 180m2*
+ Private on-site parking
+ Kitchenette & Toilet on both levels
+ Separate entrance to first floor
+ Modern fit-out to ground floor
+ High exposure location
+ Ample public parking

GROUND FLOOR LEASE DETAILS
Tenant: Sarina Russo Job Access
Rental: $51,638.20 Per Annum, Plus GST, Plus Outgoings
Term: Month to Month

FIRST FLOOR LEASE DETAILS
Tenant: Leaf Massage
Rental: $20,000 Per Annum, Plus GST and Outgoings
Lease Term: 3 Years - Commencing 09/04/2024
Further Options: 2 x 3 Years
CPI Annual Increases & Market Review at End of Term

* Approximate

For more information or to organise an inspection, please contact Appleby Commercial on (03) 8727 9555.

Additional Information
Features
  • Availability: Subject to a lease
  • Lease Term: Month to Month
  • Condition: Good
Wantirna South Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $120 ---
Retail $8333 $111 1.33%
Offices $8333 $236 2.84%
This is the average advertised price, rent and yield for Wantirna South, VIC 3152*

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.
Floorplans

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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