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39A & 39B Langhorne Street
Dandenong VIC 3175
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Sold on 3 Dec 2024

39A & 39B Langhorne Street Dandenong VIC 3175

  • Shop & Retail
  • 544 m²
  • Sold

Renewed Domino's 'Head Office' Lease & National Mobility Specialist Investment | Strong CBD Position

    Burgess Rawson in conjunction with Cameron are delighted to offer to the market the Domino's & Independent Living Solutions at 39A & 39B Langhorne Street, Dandenong VIC for sale via Private Treaty.

    The property has the following key investment highlights:

    + Dual income stream investment with renewed leases to national and international tenants.
    + Domino's: worlds largest pizza chain with 728* stores across Australia and more than 20,000 worldwide.**
    + Independent Living Specialists (ILS): leading national medical and homecare mobility retailer with over 60 retail showrooms across Australia.
    + Landlord preferred, net lease terms with tenants paying all usual outgoings (Domino's pays land tax)
    + Fixed, compounding 4% and 3% annual increases ensuring rental growth.
    + Sizeable 544 sqm* building area across both tenancies.
    + Valuable CBD position with 544 sqm* land area and 20m* frontage to Langhorne Street.
    + Highly desirable 'Comprehensive Development Zone' (CDZ2) landholding providing significant future development upside STCA.
    + Includes architect concept plans for a 7-storey, mixed use development comprising retail, office and 24 dwellings principally conforming to the Dandenong Activity Centre scheme.
    + Recent renovations to both properties (Domino's latest corporate fit-out and ILS to modern showroom).
    + Strategically positioned with easy access to major arterials including Princes Highway, Cheltenham Road, Stud Road, Eastlink, Dandenong Bypass and Monash Freeway.
    + City of Greater Dandenong: Home to 164,484 people, expected to increase by 15.4% to 189,891 by 2036*** with an annual economic output of $57.2 billion.****
    + Net Income: $162,326 pa* + GST (December 2024)

    To be sold by Private Treaty.

    *Approx
    **Domino's
    *** Victoria in Future 2023
    **** REMPLAN

    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold3 Dec 2024
    Floor Area544 m²
    Land Area544 m²
    ParkingAsk Agent
    Property ID2019529455
    Category
    Last updated  3 Dec 2024
    Map for 39A & 39B Langhorne Street Dandenong VIC 3175

    Nearest transport* to 39A & 39B Langhorne Street Dandenong VIC 3175

    Bus
    Train
    Tram
    Ferry
    Dandenong Plaza SC/McCrae St (Dandenong)115 m
    Dandenong Plaza SC/McCrae St (Dandenong)119 m
    Langhorne Pl/Langhorne St (Dandenong)168 m
    Foster St/McCrae St (Dandenong)173 m
    This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
    *Within a 4km radius
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    Max wholesale speed tier available: nbn® Fibre to the Premises
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold3 Dec 2024
    Floor Area544 m²
    Land Area544 m²
    ParkingAsk Agent
    Property ID2019529455
    Category
    Last updated  3 Dec 2024

    More about 39A & 39B Langhorne Street Dandenong VIC 3175

    39a & 39b Langhorne Street Dandenong VIC 3175 is categorized as Shop & Retail Property. It has a floor area of 544 m² and a land area of 544 m². The listing ID for this property is 2019529455.

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