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Gross Waddell ICR Pty Ltd - Melbourne

Chadstone Ford, Hyundai & Hungry Jack's, 1406-1424 Dandenong Road Oakleigh, VIC 3166

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Chadstone Ford, Hyundai & Hungry Jack's, 1406-1424 Dandenong Road,
Oakleigh, VIC 3166

Shops & Retail • Development Sites & Land • Showrooms & Large Format Retail

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Gross Waddell ICR Pty Ltd - Melbourne
Michael Gross
Danny Clark

Gross Waddell ICR Pty Ltd - Melbourne

Level 1, 30 Collins Street
MELBOURNE, VIC 3000
Gross Waddell ICR Pty Ltd - Melbourne
Chadstone Ford, Hyundai & Hungry Jack's, 1406-1424 Dandenong Road
Oakleigh, VIC 3166

Map of Chadstone Ford, Hyundai & Hungry Jack's, 1406-1424 Dandenong Road

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Melbourne’s Ultimate Landbank Freehold Investment

  • New 15 and 10+5 year leases
  • Ford, Hyundai and Hungry Jack’s
  • Invaluable 6,953sqm corner landholding
Burgess Rawson and Gross Waddell ICR, with Advise Transact acting as Transaction Manager, are pleased to present this ultimate landbank investment merely meters from Australia’s largest shopping centre being Chadstone Shopping Centre.

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).

International Expressions of Interest now closed. Announcement coming soon.
For further information please contact the agents directly.

*All measurements are approximate and all boundary mark ups are indicative only.

Property ID: 503897410Last Updated: 1 Dec 2021

Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
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