288-292 Whitehorse Road, BALWYN VIC 3103 SOLD
- Secure 10 year lease with CPI increases
- Blue chip ASX-listed tenant
- Net Income: $537,728 pa + GST
Description
Gorman Commercial and Stonebridge Property Group are pleased to present Dan Murphy’s Balwyn, a high-profile retail corner investment opportunity, in the heart of one of Melbourne’s affluent inner eastern suburbs, Balwyn.
The asset is underpinned by a long 10 year lease term, with further options through to 2047, to Endeavour Group — a blue chip ASX-listed liquor retailer with a market capitalisation of $9.04 Bn. Trading as Dan Murphy’s, the location is part of a network of 273+ stores nationally, cementing the business as one of Australia’s most recognisable liquor retailers.
Investment Highlights:
* 10 year lease term to December 2032 plus options to 2047 with rare CPI annual increases
* Super prime 687 sqm* Commercial 1 zoned, corner landholding with 75m* frontage
* High quality building and fit out recently completed providing significant depreciation benefits
* High profile Whitehorse Road, Balwyn corner location literally opposite a substantial Woolworths Supermarket
* Estimated net income $537,728 pa + GST (as at 16-Dec-24)
Dan Murphy’s Balwyn is For Sale via Expressions of Interest closing Thursday 17th October 2024 at 3:00pm (AEDT).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Gorman Commercial:
Jonathon McCormack 0418 835 885
Peter Bremner 0412 326 942
Stonebridge Property Group:
Rorey James 0439 400 081
Kevin Tong 0422 848 818
*approx.