Share this property

realcommercial.com.au
Cameron - Head Office

48 McCrae Street Dandenong, VIC 3175

Directions

48 McCrae Street,
Dandenong, VIC 3175

Shops & Retail

Price information

Sale - Expression of Interest

Contact Agent

Key property information

Land area

Floor area

Zoning

Private inspections

to arrange a private inspection.

Map of 48 McCrae Street

Directions
  • Train stations within 5 km of 48 McCrae Street, Dandenong, VIC 3175Distance
    Dandenong Station670 m
    Yarraman Station2.5 km
    Noble Park Station4.2 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 48 McCrae Street, Dandenong, VIC 3175Distance
    Langhorne Pl/Langhorne St (Dandenong)135 m
    Foster St/McCrae St (Dandenong)242 m
    Stuart St/Clow St (Dandenong)277 m
    Walker St/Lonsdale St (Dandenong)293 m
    Cleeland Stclow St320 m
    POWERED BY HERE ©
POWERED BY HERE ©

Long Lease, Multi-tenanted Secure Investment on Huge Land Holding

  • Fully tenanted
  • Unbeatable location
  • Comprehensive Development Zone 2
Cameron is pleased to exclusively offer for sale via expressions of interest this secure investment located in the heart of Dandenong’s thriving commercial precinct.

Located directly opposite Dandenong Plaza, this secure investment sits on an enormous land parcel of 1077m²*, providing an immediate income stream and the upside to develop or extend at a later date (STCA). With a collective size of 460m²*, the three tenancies' central location ensures the shops are consistently sought after and provide strong rental growth. The additional land allocation offers tenants and clients substantial carparking and convenient refuge from the hustle and bustle of central Dandenong.

Returning $130,995pa + GST + outgoings with all tenants securely committed on long-term leases, this rare investment with substantial upside is not to be missed.


Key features:
- 1,077 m²* Land area
- Comprehensive Development Zone 2
- 460 m²* building with three solid tenancies
- Currently returning $130,995 per annum plus GST and outgoings
- Ample on-site parking and surrounding street parking
- Located opposite Dandenong Plaza, moments from Dandenong Council, Lonsdale Street, Dandenong train station and Princes Highway

Tenancy details:

Shop 1: 115 m²*
Tenant: Key Graphics Pty Ltd
Type of lease: Retail
Current Term: 5 years
Term Expires: 14/05/2028
Further Terms: 1 x 5 years

Shop 2: 115 m²*
Tenant: Flight Experts Pty Ltd
Type of lease: Retail
Current Term: 5 years
Term Expires: 29/05/2029
Further Terms: 1 x 2 years

Shop 3: 230 m²*
Tenant: Springvale Learning and Activities Centre Incorporated
Type of lease: Retail
Current Term: 5 years
Term Expires: 26/11/2028
Further Terms: N/A

Expressions of interest closes on Thursday, 30th of May at 4:00 pm (unless sold prior).

Contact the exclusive agents at Cameron for more information and to arrange an inspection.

*Approximate
**Outlines indicative only

Property ID: 504584484Last Updated: 10 May 2024

Cameron - Head Office

3 Ordish Road
DANDENONG SOUTH, VIC 3175
Cameron - Head Office
48 McCrae Street
Dandenong, VIC 3175
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

More properties from Cameron - Head Office

Other properties you might be interested in based on the location and property type you are looking at.