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Cameron - Head Office

19-21B Princes Highway Drouin, VIC 3818

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19-21B Princes Highway,
Drouin, VIC 3818

Shop & Retail • Other • Offices

Price information

Sale - Expression of Interest

Contact Agent

Under Contract

Key property information

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$101,698
Number of Tenants
3 Tenants

Private inspections

to arrange a private inspection.
Cameron - Head Office
Michael Brennan

Cameron - Head Office

3 Ordish Road
DANDENONG SOUTH, VIC 3175
Cameron - Head Office
19-21B Princes Highway
Drouin, VIC 3818

Map of 19-21B Princes Highway

Directions
  • Train stations within 5 km of 19-21B Princes Highway, Drouin, VIC 3818Distance
    Warragul Station1.2 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 19-21B Princes Highway, Drouin, VIC 3818Distance
    Veterinary Clinic/Princes Way (Warragul)51 m
    Salvation Army/Burke St (Warragul)158 m
    Rotary Park/Latrobe St (Warragul)196 m
    Latrobe St/Princes Way (Warragul)281 m
    Toorak Ave/Princes Way (Warragul)385 m
    POWERED BY HERE ©
POWERED BY HERE ©

3 Affordable Growth Corridor Investments to be Sold Together or Separately

  • Buy 1 or Buy All 3
  • High Exposure Position
  • 3 Renewed Leases
Stonebridge Property Group is pleased to offer for sale 19-21B Princes Way, Drouin.

Key highlights include:

- Three (3) side by side investments offered separately or together at the gateway to the rapidly growing suburb of Drouin


Shop 19 & 19A:

- Providing annual income of $36,325** + GST + Outgoings

- Leased to Taste Designs, with further income generated through an Armaguard ATM

- Taste Designs have recently renewed for a further 4-year term with fixed 3% rental increases

- Prime corner space of 145 sqm*


Shop 21A:

- Providing annual income of $33,373** + GST + Outgoings

- Leased to the strong trading Drouin Gourmet Café on a 4-year term with fixed 3.5% rental increases

- Café fit out with dining area comprising 123 sqm*


Shop 21B:

- Providing annual income of $32,000** + GST + Outgoings

- Leased to national tenant Physiochoice Pty Ltd on a recently renewed 3-year term with fixed 3% rental increases

- Well-exposed space of 126 sqm*


Location:

- Located in a tightly held ‘gateway’ pocket of Drouin that benefits from exposure to over 17,000^ vehicles passing daily

- Bolstering the longevity of the position is Drouin Train Station (190 m*), Australia Post and a range of medical/wellness operators immediately surrounding the property

- Drouin is a rapidly expanding regional centre ~33 km* east of metropolitan Melbourne. The suburb forms part of the Baw Baw Shire, which boasts a forecast population of 55,278 and is anticipated to see a major increase of 53% by 2041^^

* Approximately
** Income as at 2nd December 2021
^ Source: VicRoads
^^ Source: ForecastID



19-21B Princes Way, Drouin is for sale by Expressions of Interest closing Wednesday 20th October 2021 at 2pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group and Cameron Real Estate:

Stonebridge Property Group:

Nic Hage
0448 782 5...

Rorey James
0439 400 0...

Sarah Xi 席子棠
0468 320 2...



Cameron Real Estate:

Michael Brennan
0431 586 5...


Are you interested in similar properties throughout Victoria’s southeast growth corridor? Click on the below link for a complete summary of the 12 properties within the Private Investor Portfolio:

https://stonebridge.com.au/privateinvestorportfolio/

Additional information

Property ID: 503902762Last Updated: 23 Oct 2021

Agency contacts

Cameron - Head Office
3 Ordish Road
DANDENONG SOUTH, VIC 3175
Stonebridge Property Group - Melbourne
Ground Floor, 95 Coventry Street
SOUTHBANK, VIC 3006

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