Jones Real Estate is pleased to offer a secure commercial investment opportunity, leased to 'Dandenong and District Aborigines Co-Operative Ltd (DDACL)', located within one of Australia's fastest growing and flourishing municipalities - The City of Casey.
111b, 1060 Thompsons Road, Cranbourne West is For Sale via Expressions of Interest closing Wednesday 4th December 2024 at 12pm (AEDT).
Key highlights of the property include:
- Securely leased to government funded tenant 'Dandenong and District Aborigines Co-Operative Ltd (DDACL)', providing a net passing income of $99,750.00 per annum and annual CPI increases.
- Commencing on 1 March 2024 on an initial term of six (6) years and five (5) months with two (2) further optional terms of five (5) years, giving this tenant options until 2040.
- Positioned within the bustling and newly constructed three storey
A-Grade office development, the asset is serviced by exceptional amenity, including end of trip facilities, male and female bathrooms, kitchenette & the allocation of four (4) car parks on title.
- The Dandenong and District Aborigines Co-operative Ltd (DDACL) is a vital part of the local community, providing culturally appropriate health and community services for Aboriginal and Torres Strait Islander people.
- Located on the major thoroughfare of Thompsons Road that has an estimated 30,000^ vehicles passing daily, this essential freight and transport route is a vital east-west corridor in Metropolitan Melbourne's rapidly growing south-east region. Intercepting with Mornington Peninsula Freeway, EastLink, Western Port Highway and South Gippsland Freeway, Thompsons Road provides essential accessibility to major north-south arterial networks.
- Thompsons Road and the immediate area has undergone a major $225 million upgrade, including extra lanes and slip lanes, allowing less disruption and delays for its high traffic volume, estimated at 30,000^ vehicles that use it every day.
*Approx.
^Gapmaps.com
For further information regarding the opportunity, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
