Chadstone Ford, Hyundai & Hungry Jack's, 1406-1424 Dandenong Road,
Oakleigh, VIC 3166
Key property information
Tenanted Investment Details
Map of Chadstone Ford, Hyundai & Hungry Jack's, 1406-1424 Dandenong Road
Train stations within 5 km of Chadstone Ford, Hyundai & Hungry Jack's, 1406-1424 Dandenong Road, Oakleigh, VIC 3166 Distance Oakleigh Station 758 m Hughesdale Station 1.2 km Holmesglen Station 2.2 km Murrumbeena Station 2.2 km East Malvern Station 2.7 kmPOWERED BY HERE © Tram stops within 5 km of Chadstone Ford, Hyundai & Hungry Jack's, 1406-1424 Dandenong Road, Oakleigh, VIC 3166 Distance 68-Carnegie/Truganini Rd (Carnegie) 3.1 km 67-Centre Rd/Truganini Rd (Carnegie) 3.3 km 66-Truganini Rd/Glenhuntly Rd (Carnegie) 3.3 km 66-Glenhuntly Rd/Truganini Rd (Carnegie) 3.3 km 64-Darling Rd/Waverley Rd (Malvern East) 3.4 kmPOWERED BY HERE © Bus stops within 5 km of Chadstone Ford, Hyundai & Hungry Jack's, 1406-1424 Dandenong Road, Oakleigh, VIC 3166 Distance Logie St/Atkinson St (Oakleigh) 220 m Warrigal Rd/Princes Hwy (Oakleigh) 258 m Taylor St/Atkinson St (Oakleigh) 275 m Dandenong Rd/Warrigal Rd (Oakleigh) 311 m Dalgety St/Warrigal Rd (Oakleigh) 382 mPOWERED BY HERE ©
Melbourne’s Ultimate Landbank Freehold Investment
- New 15 and 10+5 year leases
- Ford, Hyundai and Hungry Jack’s
- Invaluable 6,953sqm corner landholding
1406-1424 Dandenong Road (corner Drummond Street), Oakleigh is a strategically positioned landholding and benefits from recently committed long term leases and significant passing depreciation benefits.
Investment highlights include:
Blue-chip investment with brand new 15 and 10+5 year leases to Chadstone Ford, Hyundai and Hungry Jack’s (expiring 2036).
Phenomenal and steady income stream with future value underwritten by surrounding high-density developments.
Invaluable 6,953 sqm* corner landholding providing combined frontage of 191 metres*.
Favourable Commercial 1 Zoning (C1Z) with a 10-level development precedent on the opposite side of Princes Highway.
Strategically positioned with the internationally acclaimed Chadstone Shopping Centre, iconic Eaton Mall, Monash Freeway and Oakleigh train station all within 1.1km*.
Bustling precinct which houses many national operators including Chemist Warehouse, Toyota, Shell, KFC and Beaumont Tiles plus many more.
Strong and certain rental growth via annual, fixed, compounding 2.5% rent increases.
Outstanding depreciation benefits, with 57% of year 1 rent potentially tax deductible (source Napier & Blakeley)
Thriving tenants in booming industries: Australia’s new car sales market is up 28.3% (source FCAI) and the drive thru fast food sector is growing at record pace.
Underlying land value with Oakleigh boasting a median house price of $1,450,000, up 20.4% in the last 12 months (source REIV).
Net rent $1,127,718 pa.
The property is to be sold via International Expression of Interest closing at 3:00 pm (AEDT) on Friday the 15th of October 2021.
For further information please contact the agents directly.
*All measurements are approximate and all boundary mark ups are indicative only.
Property ID: 503897410Last Updated: 21 Oct 2021
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