440 Whitehorse Road, Nunawading, VIC 3131

Sold

Sold

For Sale via Expression of Interest closing Thursday 28th November 2024 at 3pm

POINT OF INTEREST:

A significantly hands-off investment delivering outstanding returns, this once-in-a-generation opportunity means that Early Settlers here will reap great rewards. And with homewares spending forecasted to grow by $367.7 million by 2028, this is Nunawading’s flagship commercial offer for investors serious about long-term success.

A prime 930 sqm* building on a staggering 1,610 sqm* corner block, this high-profile investment opportunity is anchored by the nationally recognised tenant who has been trading here for over 20 years. With a rental return of $259,390.05 + GST per annum, the significance of securing this vital corner piece of Nunawading can’t be understated.

There are 15 allocated car spaces at the front and rear of the property, a golden addition considering the Whitehorse Road retail strip accumulates more than 28,000 passing vehicles daily. There’s also handy rear access for deliveries, and the commercial 2 zoning also affords plenty of future value add and development potential.

With more than 81.61 m* of frontage to Whitehorse Road and Rooks Road, it’s no surprise that the tenant settled here early, with retail giants moving in around it. From auto traders like Hyundai and Alfa Romeo to making a house a home with Amart, Harvey Norman, and The Good Guys, it’s no wonder that this pocket of Whitehorse Road is the first stop to shop.

- Leased to Early Settler for over 20 years.
- $259,390 + GST gross rental. Net rental $232,358*.
- 930 sqm* total building area.
- 1,610 sqm* total land area.
- 81.61 m* corner frontage.
- On-site parking and rear access.
- Commercial 2 zoning.
- 1.7 km* from the Eastlink.

POINT OF VIEW:

A landmark trophy investment that continues to work hard even when it’s on the mantle. This nationally recognised tenant Settled here Early to establish the best possible position on Whitehorse Road so you can do the same with your portfolio.

*Approx.
Pricing excludes GST

• Availability: Subject to a lease
• Lease Term: Five (5) years + five (5) years
• Rent Review: 3% annual increases
• Car Spaces: 15 on site
• Condition: Good
• Air Conditioning: Yes
• Floors: Concrete
• Lifts: n/a
• Height: 4 metres approx.
• Age: 50 years approx.
• Car Parking Fees: n/a

• Water Rates: $1,700 p.a* (2024)
• Land Tax: $13,005 p.a* (2024) (Single Holding)
• Council Rates: $5,726 p.a* (2024)
• Owners Corp. / Insurance: n/a