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Gorman Commercial and JLL are pleased to present Dan Murphy’s Cheltenham for Sale by Expressions of Interest. The asset provides investors with the opportunity to acquire a trophy freehold investment, situated within one of Melbourne’s fastest growing catchments and further underpinned by Australia’s largest retail liquor operator, Endeavour Group. * Securely leased to blue chip ASX listed tenant – Endeavour Group
* Endeavour Group (ASX:EDV) is a top ASX-50 listed company and Australia’s largest liquor retailer with 1,650 stores
* Income: $666,475 pa + GST
* Ten (10) year lease plus options to 2079
* One of Victoria’s strongest trading Dan Murphy’s stores with history of turnover rent
* Substantial land holding of 3,469sqm plus 63 car spaces including EV charging station
* High exposure location with huge 63 metre frontage to Bay Road, a major thoroughfare with constant traffic flow of 21,000 vehicles per day
* Prime freestanding store of 1,327sqm with modern improvements, recently completed in 2019 with depreciation benefits available
* Three street frontages providing excellent access and egress Dan Murphy’s Cheltenham is For Sale via Expressions of Interest closing Thursday 5th December at 2:00pm (AEDT).
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