875-877 Dandenong Road,
Malvern East, VIC 3145
Shops & Retail • Offices • Showrooms & Large Format Retail
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Map of 875-877 Dandenong Road
Two Properties - Two Titles - One Outstanding Investment Opportunity!
Ray White Commercial is delighted to present to the market a fantastic investment opportunity located in the heart of popular Malvern East.
Both properties have been recently leased to one prime tenant with further options until 2027!
Property Details:
• Total building area | 170m2 approx.
• Currently returning | $72,100 p/a net
• 5 + 5 Year Lease commenced June 2017
• Over 18m of Prime Exposure to Dandenong Rd
• Fixed annual increases of 3%
• Two (2) undercover on-site car spaces
• Commercial 1 Zone (C1Z)
Located on busy Dandenong Road and at the top of Derby Street, these properties benefit from immense exposure and are situated amongst an array of recognised businesses such as Dan Murphy's, Coles Supermarket, Zagames plus the Iconic Chadstone Shopping Centre less than 4kms away. Malvern East is one of Melbourne's most highly sought after South-Eastern suburbs which makes this investment all the more viable.
The properties are serviced with an abundance of Public Transport consisting of the 3 & 3a Tram travelling from Melbourne University to Malvern East stopping across the road as well as Buses & Trains stopping frequently approximately 100 metres away at Caulfield Train Station.
Terms | 10% deposit and balance due 60 days thereafter.
For further information or to arrange an on-site inspection, please contact one of the exclusive marketing agents:
Paul Rizzo - 0418 688 888
Theo Karkanis - 0431 391 0...
Both properties have been recently leased to one prime tenant with further options until 2027!
Property Details:
• Total building area | 170m2 approx.
• Currently returning | $72,100 p/a net
• 5 + 5 Year Lease commenced June 2017
• Over 18m of Prime Exposure to Dandenong Rd
• Fixed annual increases of 3%
• Two (2) undercover on-site car spaces
• Commercial 1 Zone (C1Z)
Located on busy Dandenong Road and at the top of Derby Street, these properties benefit from immense exposure and are situated amongst an array of recognised businesses such as Dan Murphy's, Coles Supermarket, Zagames plus the Iconic Chadstone Shopping Centre less than 4kms away. Malvern East is one of Melbourne's most highly sought after South-Eastern suburbs which makes this investment all the more viable.
The properties are serviced with an abundance of Public Transport consisting of the 3 & 3a Tram travelling from Melbourne University to Malvern East stopping across the road as well as Buses & Trains stopping frequently approximately 100 metres away at Caulfield Train Station.
Terms | 10% deposit and balance due 60 days thereafter.
For further information or to arrange an on-site inspection, please contact one of the exclusive marketing agents:
Paul Rizzo - 0418 688 888
Theo Karkanis - 0431 391 0...
Malvern East, 3145 demographic data
The median household income for Malvern East is $2,383, 25% higher than Greater Melbourne's household income of $1,901. Malvern East has an older age profile compared to the rest of Greater Melbourne (median age 38 vs 37). Property ownership data shows 46% of property owners in Malvern East have a mortgage.
22,296
Population
$2,383 per week
Median household income
38 years
Median age
Owners
Most residents
Families
Most households
04313910...
875-877 Dandenong Road
Malvern East, VIC 3145
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OAKLEIGH, VIC 3166
OAKLEIGH, VIC 3166
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