Share this property

Burgess Rawson - Melbourne

Lavita Furniture, 90a Frankston-Dandenong Road Dandenong South, VIC 3175

Directions

Lavita Furniture, 90a Frankston-Dandenong Road,
Dandenong South, VIC 3175

Showrooms & Bulky Goods • Shop & Retail • Other

Price information

Sale - Auction Tue 14 Dec

Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$249,443
Number of Tenants
1 Tenant
Tenants / Type
Lavita Furniture

Auction

Add to calendar

Private inspections

to arrange a private inspection.
Burgess Rawson - Melbourne
Matthew Wright
Beau Coulter

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
Lavita Furniture, 90a Frankston-Dandenong Road
Dandenong South, VIC 3175

Map of Lavita Furniture, 90a Frankston-Dandenong Road

Directions
  • Train stations within 5 km of Lavita Furniture, 90a Frankston-Dandenong Road, Dandenong South, VIC 3175Distance
    Dandenong Station2.2 km
    Yarraman Station4 km
    Hallam Station4.9 km
    POWERED BY HERE ©
  • Bus stops within 5 km of Lavita Furniture, 90a Frankston-Dandenong Road, Dandenong South, VIC 3175Distance
    Dana Ct/Frankston-Dandenong Rd (Dandenong)180 m
    Johnston Ct/Frankston-Dandenong Rd (Dandenong South)212 m
    Greens Rd/Frankston-Dandenong Rd (Dandenong South)483 m
    Union Rd/Hammond Rd (Dandenong South)611 m
    Frankston-Dandenong Rd/Greens Rd (Dandenong South)651 m
    POWERED BY HERE ©
POWERED BY HERE ©

Renewed 5 Year Lease to Leading National Furniture Retailer

  • Position Perfect, High Exposure Site
  • Investor Favoured Net Lease Terms
  • Compounding Annual 3% Increases
+ Renewed 5-year lease (Renewed 1st August 2022) to 2027 plus 5 year option through to 2032
+ Investor friendly lease with tenant paying all usual outgoings as per the lease
+ Fixed annual 3% increases
+ Leased to Lavita Furniture, a leading national furniture retailer part of the LIVINGUNLMTD group
+ Modern and Versatile 1,600sqm showroom, 36 metre frontage plus 122 on-site carparks
+ A proven performing location with minimal tenant changes over the past 20 years
+ Position Perfect with Forty Winks, Harvey Norman, Officeworks, Fantastic Furniture and Amart Furniture all within 500m*
+ Dandenong South: Land Values up 225% since 2009*
+ Minimum management investment
+ Estimated Net Rent: $249,443 pa + GST
  
To be sold by Investment Portfolio Auction: 
10:30am (AEDT)
Wednesday 15th December 2021
River Room, Crown Casino, Melbourne

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents

Property ID: 503956566Last Updated: 2 Dec 2021

Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number

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 Burgess Rawson - Melbourne

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