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328 Bay Road
Cheltenham VIC 3192
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328 Bay Road Cheltenham VIC 3192

  • Shop & Retail
  • 1,327 m²
  • Expressions of Interest

FREESTANDING DAN MURPHY'S IN AFFLUENT BAYSIDE LOCATION

  • Premium Bayside Location
  • Blue chip ASX-listed tenant
  • Triple fronted land holding: 3,469 sqm

Gorman Commercial and JLL are pleased to present Dan Murphy's Cheltenham for Sale by Expressions of Interest.

The asset provides investors with the opportunity to acquire a trophy freehold investment, situated within one of Melbourne's fastest growing catchments and further underpinned by Australia's largest retail liquor operator, Endeavour Group.

* Securely leased to blue chip ASX listed tenant Endeavour Group
* Endeavour Group (ASX:EDV) is a top ASX-50 listed company and Australia's largest liquor retailer with 1,650 stores
* Income: $666,475 pa + GST + Outgoings
* Ten (10) year lease plus options to 2079
* One of Victoria's strongest trading Dan Murphy's stores with history of turnover rent
* Substantial land holding of 3,469sqm plus 63 car spaces including EV charging station
* High exposure location with huge 63 metre frontage to Bay Road, a major thoroughfare with constant traffic flow of 21,000 vehicles per day
* Prime freestanding store of 1,327sqm with modern improvements, recently completed in 2019 with depreciation benefits available
* Three street frontages providing excellent access and egress

Dan Murphy's Cheltenham is For Sale via Expressions of Interest closing Thursday 5th December at 2:00pm (AEDT).

EXPRESSION OF INTEREST

Closing date and time05/12/2024 14:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Floor Area1,327 m²
Land Area3,469 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019624161
Category
Last updated  11 Nov 2024
Map for 328 Bay Road Cheltenham VIC 3192

Property Highlights

Floor Area1,327 m²
Land Area3,469 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019624161
Category
Last updated  11 Nov 2024

Co-Agents

Tom Maule
Gorman Commercial Real Estate Pty Ltd
Call
0401 636 049
Jonathon McCormack
Gorman Commercial Real Estate Pty Ltd
Call
0418 835 885

More about 328 Bay Road Cheltenham VIC 3192

328 Bay Road Cheltenham VIC 3192 is categorized as Shop & Retail Property. It has a floor area of 1,327 m² and a land area of 3,469 m². The listing ID for this property is 2019624161.

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