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269-275 Centre Dandenong Road, Dingley Village, VIC, 3172

Name: 269-275 Centre Dandenong Road, Dingley Village, VIC, 3172
Address: 269-275 Centre Dandenong Road , VIC, Dingley Village, VIC, 3172
Telephone: +61 418 358 998

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SOLD

269-275 Centre Dandenong Road, Dingley Village, VIC, 3172

Properties / Sold / Victoria / Dingley Village

Development Potential

1. Property Summary

Property Type

Commercial

Land Area

9,345 m² (*approx)

Selling Method

Expressions of Interest: Closing Wednesday 6 April at 4:00 pm

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2. Property Highlights

A VERY HEALTHY INVESTMENT

6 Year Lease to Goodlife + Medical Centre
Income - $596,673 pa
Land - 9,345

Sutherland Farrelly is proud to offer for sale this well located long term investment opportunity in the heart of Dingley Village.

269-275 Centre Dandenong Road, Dingley Village offers the astute investor secure income to two well established tenants.

The main fitness centre lease (Goodlife Health Club) has a number of aspects that would be considered highly attractive in today's market, namely:

• Six year lease remaining with one further term of five years

• Fixed rental increases

• Land tax paid by Tenant (Fitness Centre)

Kingston Spinal Clinic

• Lease expiry March 2025

• Fixed rental increases

The subject property offers a number of key investment criteria, namely:

• Long established tenants

• High underlying land value

• Tenant has recently undertaken substantial upgrade of facilities

• Substantial car parking

The property is being offered for sale by Expressions of Interest closing
Wednesday 6 April at 4 pm.