106-116 Walker Street Dandenong VIC 3175

A fantastic opportunity to secure this exceptional high-profile building which offers great exposure, and a central location in the heart of Dandenong's shopping precinct.

Conveniently positioned on the prominent intersection of Walker Street and Langhorne Street across the road from the busy Langhorne Street Bus Depot and at the doorstep of the Dandenong Plaza, Dandenong Hub and Drum Theatre, and only a short walk to Dandenong Station

Key features:
- Land - 512sqm Approx. with 3 street frontages
- Building - 765sqm Approx.
- High foot and drive-by traffic
- Excellent development/subdivision potential (STCA)
- 8 Parking LOTS on title
- Surrounded by many main roads and arterials including the Eastlink, Princess Highway and Monash Freeway.
- Significant signage potential

Current lease:

106-114 Walker Street - 652sqm Approx.
- Leased to Bar
- Current rent $130,000 per annum plus GST as of the 1st of August 2022
- Lessee pays all outgoings
- Lease terms: 5x5x5
- Fixed rent increases of 2.5%
- Security deposit $23,833.33

116 Walker Street - 113sqm Approx.
- Leased to Zara Jewelers
- Current rent $40,000.00 per annum plus GST as of the 1st of July 2023
- Lessee pays all outgoings
- Lease terms: 4 years with 2 x 5 years
- Fixed rent increases of 3%
- Security deposit $11,000

Total Rent : $170,000 per annum plus GST