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11A Dunearn Road
Dandenong North VIC 3175
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11A Dunearn Road Dandenong North VIC 3175

  • Medical / Consulting
  • 368 m²
  • Expressions of Interest

Pharmacy + 2 income streams

    FOR SALE BY EXPRESSIONS OF INTEREST CLOSING THURSDAY 28TH NOVEMBER AT 1PM

    Nichols Crowder is proud to present 11A Dunearn Road, Dandenong North, to the market through our Portfolio Sale Expressions of Interest campaign.

    This high yielding investment offers impressive income streams across three tenancies.

    The ground floor features a 120sqm* retail space, occupied by the anchor tenant, Dunearn Pharmacy, a well-established business and local favourite.

    The first floor comprises a 68sqm* office, leased to an e-Commerce business. Completing the property, the residence extends from the rear of the first floor and occupies the entire second level, with a balcony adding further value to the residential aspect.

    this property presents an excellent opportunity for investors seeking reliable tenants and
    multiple income streams.

    Key features include:

    * Total commercial building area: 188sqm*
    * Estimated net income (excluding Land Tax) $82,802.09
    * Total land area: 187sqm*
    * Well presented residence, with a balcony
    * Two (2) secure garage spaces on title with rear access
    * High-activity retail strip with great on-street parking
    * Great signage exposure for tenants

    Ground Floor Tenancy:
    * Anchor tenant: Dunearn Pharmacy, returning $50,824.09 p/a + Outgoings & GST
    * Lease expiry: October 2028
    * Five (5) year option with market rent review
    * 3% annual increases

    First Floor Tenancy:
    * Returning $15,738 p/a + Outgoings & GST
    * Lease expiry: April 2026
    * Two (2) year option with market rental review
    * 3% annual increases

    Residence:
    * Returning: $20,340 inclusive of outgoings

    11A Dunearn Road, Dandenong North presents an excellent opportunity for investors seeking reliable tenants and multiple income streams.

    For further details or to arrange an inspection please contact:

    Matthew Duncan 0400 427 427
    Matt Nichols 0418 186 488

    DISCLAIMER:

    * All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

    * By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.

    EXPRESSION OF INTEREST

    Closing date and time28/11/2024 12:00
    Recipient nameAsk Agent
    Delivery addressAsk Agent
    Nichols Crowder Property Moorabbin
    Nichols Crowder Property Moorabbin
    358 South Rd
    Moorabbin, VIC 3189

    Property Highlights

    Floor Area368 m²
    Land Area188 m²
    Parking2 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019619247
    Category
    Last updated  19 Nov 2024
    Map for 11A Dunearn Road Dandenong North VIC 3175
    Nichols Crowder Property Moorabbin
    Nichols Crowder Property Moorabbin
    358 South Rd
    Moorabbin, VIC 3189

    Property Highlights

    Floor Area368 m²
    Land Area188 m²
    Parking2 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019619247
    Category
    Last updated  19 Nov 2024

    Co-Agents

    Matthew Duncan
    Nichols Crowder Property Moorabbin
    Call
    0400 427 427
    Matt Nichols
    Matt Nichols
    Nichols Crowder Property Moorabbin
    Call
    0418 186 488

    More about 11A Dunearn Road Dandenong North VIC 3175

    11a Dunearn Road Dandenong North VIC 3175 is categorized as Medical & Consulting Property. It has a floor area of 368 m² and a land area of 188 m². There are 2 x onsite parkings.The listing ID for this property is 2019619247.

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