64-70 Foster Street Dandenong VIC 3175

Burgess Rawson are pleased to offer to market 'Liquor Stax' located at 64-70 Foster Street, Dandenong (Melbourne) VIC for sale via Investment Portfolio Auction 175.

The property has the following key investment highlights:

+ Brand new Fifteen (15) year net lease to Liquor Stax to 2040.
+ Three (3) further Ten (10) year options to 2070.
+ Liquor Stax: Est.1989, one of Australia's largest retail groups with 465+ locations nationally. (1)
+ Fixed 3% annual rent increases.
+ Investor preferred net lease terms with the tenant responsible for usual outgoings including council rates and building insurance.
+ Well-maintained retail liquor building with rare drive-thru amenities.
+ Position perfect 636sqm* freehold landholding located across from Dandenong Station, one of Melbourne's busiest railway stations with 1.7 million* visits annually. (2)
+ Absolute Dandenong CBD location with Dandenong Square (Coles, Woolworths, ALDI) & Dandenong Market both within 650m.*
+ City of Greater Dandenong: home to 164,484 residents, expected to grow by 15.4% to 189,891 by 2036. (3)
+ Income: $130,000 pa* + GST.

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 26 March
River Room - Crown Casino, Melbourne

* Approx
1 Liquor Stax
2 Melbourne on Transit
3 forecast.id