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8 Oleander Drive
South Morang VIC 3752
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Sold on 20 Sep 2023

8 Oleander Drive South Morang VIC 3752

  • Shop & Retail
  • 507 m²
  • Sold

Triple Net Lease, International Tenant, Growth Corridor Location

  • Renewed 5-Year Lease
  • Triple Net Lease
  • Globally Recognised Tenant

Stonebridge National Investment Sales is pleased to present Dulux South Morang for sale via National Portfolio Auction on Wednesday 20th September 2023 at 11am.

The asset has the following key investment features:

- 100% leased by Dulux Group Australia on a triple net lease tenant pays for all outgoings including land tax and management fees

- Vendor favoured recently renewed 5-year net lease with 3% annual rental increases and one further term through to 2033

- Dulux Group Australia is a subsidiary of Nippon Paint Holdings Co, a global powerhouse and market leader throughout Japan, Asia, Australia, and Turkey (Market Capitalisation: $27.5 billion)

- Prime retail position bookended by Westfield Plenty Valley, Axis Lifestyle Centre, HomeCo South Morang, and Bunnings

- The strategic and well-presented large format retail store spans 507 sqm* across two titles, and benefits from 25 m* of valuable street frontage

- Forming part of 'The Hub' Large Format Retail precinct bolstered by 50+ free off-street car parks

- Located in the City of Whittlesea, a booming growth corridor municipality with an anticipated 47.75% population increase by 2041

Dulux South Morang is offered for sale via National Portfolio Auction on Wednesday 20th September 2023 at 11am (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Rorey James
0439 400 081

Kevin Tong
0422 848 818

Nic Hage
0448 782 594

Property Code: 743

AUCTION

Auction date and time20/09/2023 11:00
Auction locationSee description
Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold20 Sep 2023
Floor Area507 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2018722851
Category
Last updated  20 Sep 2023
Map for 8 Oleander Drive South Morang VIC 3752
Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold20 Sep 2023
Floor Area507 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2018722851
Category
Last updated  20 Sep 2023

Co-Agents

Rorey James
Stonebridge Property Group VIC
Call
+61 439 400 081
Kevin Tong 汤聪瑜
Stonebridge Property Group VIC
Call
+61 422 848 818
Nic Hage
Stonebridge Property Group VIC
Call
+61 448 782 594

More about 8 Oleander Drive South Morang VIC 3752

8 Oleander Drive South Morang VIC 3752 is categorized as Shop & Retail Property. It has a floor area of 507 m². The listing ID for this property is 2018722851.

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