Dan Murphy’s , 2 Fletcher Road,
Chirnside Park, VIC 3116
Shops & Retail • Hotel, Motel & Leisure
Price information
Sold
Range: $11,580,000 - $13,460,000
Key property information
Land area
Floor area
Parking info
Property extent
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Dawkins Occhiuto - South Yarra
Suite 12, Level 3, Como Centre, 299 Toorak RoadSOUTH YARRA, VIC 3141
Dan Murphy’s , 2 Fletcher Road
Chirnside Park, VIC 3116
Map of Dan Murphy’s , 2 Fletcher Road
15 YEAR LEASE TO WOOLWORTHS GROUP LIMITED
- Safe Haven Investment Opportunity
- Tightly Held Large Format Liquor Asset
- Strong Trading in Growth Location
Dawkins Occhiuto is pleased to present for sale Dan Murphy’s Chirnside Park, a purpose-built (2017) freestanding liquor store constructed upon a high exposure Commercial 1 Zoned site.
Underpinned by one of Australia’s most prized ASX listed lease covenants, the property offers a passive, long-term, highly secure income stream.
In the current economic environment there is no more secure property investment opportunity.
The property occupies a high exposure corner position opposite Chirnside Park Shopping Centre surrounded by Reading Cinemas, Hungry Jacks, Red Rooster and 7-Eleven. It forms part of the Eastridge estate, an emerging mixed use precinct with significant future development planned.
The property features:
• Total building area of 1,387 square metres*
• Large Commercial 1 zoned site of 5,917 square metres*
• Corner position and Maroondah Highway exposure
• Easy ingress and egress from all directions
• Significant depreciation benefits
• 15 year lease (commenced December 2017) with options to 2062
• Fixed rental increases and turnover rent provisions
• Net lease including single holding Land Tax and all usual outgoings
• Passing base rent $493,437 per annum*
The clear market leader in the sector, Dan Murphy’s operates 239 stores nationally as part of Australia’s largest integrated drinks and hospitality business (Endeavour Group) with sales of approximately $10 billion.
The only large format liquor store east of Ringwood, the property benefits from a large geographic catchment, growing population and favourable demographic.
The property is offered for Sale by Expressions of Interest closing 4pm (AEST) on Thursday, 25 June. For further details please contact exclusive marketing agents, Dawkins Occhiuto.
Underpinned by one of Australia’s most prized ASX listed lease covenants, the property offers a passive, long-term, highly secure income stream.
In the current economic environment there is no more secure property investment opportunity.
The property occupies a high exposure corner position opposite Chirnside Park Shopping Centre surrounded by Reading Cinemas, Hungry Jacks, Red Rooster and 7-Eleven. It forms part of the Eastridge estate, an emerging mixed use precinct with significant future development planned.
The property features:
• Total building area of 1,387 square metres*
• Large Commercial 1 zoned site of 5,917 square metres*
• Corner position and Maroondah Highway exposure
• Easy ingress and egress from all directions
• Significant depreciation benefits
• 15 year lease (commenced December 2017) with options to 2062
• Fixed rental increases and turnover rent provisions
• Net lease including single holding Land Tax and all usual outgoings
• Passing base rent $493,437 per annum*
The clear market leader in the sector, Dan Murphy’s operates 239 stores nationally as part of Australia’s largest integrated drinks and hospitality business (Endeavour Group) with sales of approximately $10 billion.
The only large format liquor store east of Ringwood, the property benefits from a large geographic catchment, growing population and favourable demographic.
The property is offered for Sale by Expressions of Interest closing 4pm (AEST) on Thursday, 25 June. For further details please contact exclusive marketing agents, Dawkins Occhiuto.
Property ID: 503557546Last Updated: 24 Aug 2020
Dawkins Occhiuto - South YarraSuite 12, Level 3, Como Centre, 299 Toorak Road
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
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