473 Maroondah Highway,
Lilydale, VIC 3140

Drive your investment dollar further with unparalleled security &
longevity. With a long-term lease to leading independent retailer, United Petroleum, this well-positioned 190sqm* retail service station is here for the long haul; with 9 years on the current lease, multiple ongoing options extending to a further 30 years, & an excellent rental return & review structure as the starting point! At the gateway to the Yarra Valley in a fast-growing region, this proven site offers a significant parcel of high profile land with good access on 2 frontages including to one of Melbourne's major arterials

,
* long term legacy investment with options until 2063
* excellent rental return with good annual review structure
* fast-growing independent retailer with around 500 sites nationally

* rent-&-forget low-risk essential service opportunity
* 2,039sqm* NRZ site with traditional petrol station layout
* 410sqm* canopy area
* 4 crossovers over 2 frontages
* 190sqm* shop area
* Quickstop convenience-store shopfront

* in-store Pieface offering with strong branding
* north-eastern edge of the Metropolitan area
* gateway to the Yarra Valley
* 1 hour to the CBD
* 3 minutes to the centre of Lilydale
* 5 minutes to Coldstream shopping strip

* major tourist route to the Yarra Valley & snow-fields
* fast-growing residential region, forecast 70% population growth


Leased until September 2033 with options for a further 30 years
* tenanted by a fast-growing independent retailer
* 12 year lease commencing 1st September 2021
* rented at $236,915.96 plus GST & outgoings
* annual rental reviews; 2.5% annually
* 6 x 5-year on-going options

◈◈◈ Expression of Interest by Thursday, 10th October 2024 at 3pm
◈◈◈

Drive Your Investments Forward and Accelerate Your Returns!

*NB All prices exclude GST unless otherwise stated and all sizes are approximate.

"A vision for tomorrow requires a strategy today. Dive into the future with DBRE."

The core focus of DBRE is industrial, commercial and retail property.

Between us we offer over 85 years’ experience in the commercial and industrial property markets with intricate knowledge of Melbourne's southeast corridor.