Kingston Funerals, 305 Warrigal Road,
Cheltenham, VIC 3192
Medical & Consulting • Shops & Retail • Development Sites & Land
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
Kingston Funerals, 305 Warrigal Road
Cheltenham, VIC 3192
Map of Kingston Funerals, 305 Warrigal Road
New 10+10+10 Year Lease to Essential Service Tenant
- New 10 year net lease
- Funeral Home Since 1995
- Fixed 3% rent increases
Brand new 10+10+10 year lease to 2051.
Kingston Funerals: market leading operator established on-site 26 years.
Thriving essential service sector.
Favourable net lease terms with tenant paying all usual outgoings.
Strong and certain rental growth with compounding, annual 3% rent increases.
Irreplaceable 1,259sqm corner landholding with important 61 metre dual street frontage, 19 car spaces and 27,650 vehicles passing daily.
Easily accessible Warrigal Road site, situated directly between Nepean Highway and Dingley Bypass and within 2km of Moorabbin Airport.
Superbly located within 2km of Westfield Southland (370 retailers), DFO Moorabbin (110 retailers), Bunnings, McDonald’s, Hungry Jack’s, Jaycar, Repco, Sydney Tools and RSEA Safety.
Cheltenham: booming suburb 18km south-east of Melbourne CBD with median house price of $1.162,000, (10.2% up since Sep 2020) and population forecast to grow 26.4% by 2041.
Defensive, set-and-forget freehold investment.
Estimated Net Income: $144,625pa + GST .
For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021
Kingston Funerals: market leading operator established on-site 26 years.
Thriving essential service sector.
Favourable net lease terms with tenant paying all usual outgoings.
Strong and certain rental growth with compounding, annual 3% rent increases.
Irreplaceable 1,259sqm corner landholding with important 61 metre dual street frontage, 19 car spaces and 27,650 vehicles passing daily.
Easily accessible Warrigal Road site, situated directly between Nepean Highway and Dingley Bypass and within 2km of Moorabbin Airport.
Superbly located within 2km of Westfield Southland (370 retailers), DFO Moorabbin (110 retailers), Bunnings, McDonald’s, Hungry Jack’s, Jaycar, Repco, Sydney Tools and RSEA Safety.
Cheltenham: booming suburb 18km south-east of Melbourne CBD with median house price of $1.162,000, (10.2% up since Sep 2020) and population forecast to grow 26.4% by 2041.
Defensive, set-and-forget freehold investment.
Estimated Net Income: $144,625pa + GST .
For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021
Cheltenham, 3192 demographic data
The median household income for Cheltenham is $1,919, 1% higher than Greater Melbourne's household income of $1,901. Cheltenham has an older age profile compared to the rest of Greater Melbourne (median age 40 vs 37). Property ownership data shows 52% of property owners in Cheltenham have a mortgage.
23,992
Population
$1,919 per week
Median household income
40 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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