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Gorman Commercial Real Estate

Dan Murphy's, 328 Bay Road Cheltenham, VIC 3192

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Dan Murphy's, 328 Bay Road,
Cheltenham, VIC 3192

Shops & Retail

Price information

Sale - Expression of Interest closing Thu 5 Dec

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Expression of Interest

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Gorman Commercial Real Estate
Tom Maule
Jonathon McCormack

Gorman Commercial Real Estate

L1 /415 Riversdale Road
HAWTHORN EAST, VIC 3123
Gorman Commercial Real Estate
Dan Murphy's, 328 Bay Road
Cheltenham, VIC 3192

Map of Dan Murphy's, 328 Bay Road

Directions
  • Train stations within 5 km of Dan Murphy's, 328 Bay Road, Cheltenham, VIC 3192Distance
    Southland Station752 m
    Highett Station872 m
    Cheltenham Station1.6 km
    Moorabbin Station2.5 km
    Sandringham Station3.3 km
    POWERED BY HERE ©
  • Bus stops within 5 km of Dan Murphy's, 328 Bay Road, Cheltenham, VIC 3192Distance
    Hamlet St/Bay Rd (Cheltenham)68 m
    Chandros St/Bay Rd (Cheltenham)76 m
    Bay RdGraham Rd169 m
    Bay Rd/Jack Rd (Cheltenham)213 m
    Reserve Rd/Bay Rd (Cheltenham)240 m
    POWERED BY HERE ©
POWERED BY HERE ©

FREESTANDING DAN MURPHY’S IN AFFLUENT BAYSIDE LOCATION

  • Premium Bayside Location
  • Blue chip ASX-listed tenant
  • Triple fronted land holding: 3,469 sqm
Gorman Commercial and JLL are pleased to present Dan Murphy’s Cheltenham for Sale by Expressions of Interest.

The asset provides investors with the opportunity to acquire a trophy freehold investment, situated within one of Melbourne’s fastest growing catchments and further underpinned by Australia’s largest retail liquor operator, Endeavour Group.


* Securely leased to blue chip ASX listed tenant – Endeavour Group
* Endeavour Group (ASX:EDV) is a top ASX-50 listed company and Australia’s largest liquor retailer with 1,650 stores
* Income: $666,475 pa + GST + Outgoings
* Ten (10) year lease plus options to 2079
* One of Victoria’s strongest trading Dan Murphy’s stores with history of turnover rent
* Substantial land holding of 3,469sqm plus 63 car spaces including EV charging station
* High exposure location with huge 63 metre frontage to Bay Road, a major thoroughfare with constant traffic flow of 21,000 vehicles per day
* Prime freestanding store of 1,327sqm with modern improvements, recently completed in 2019 with depreciation benefits available
* Three street frontages providing excellent access and egress

Dan Murphy’s Cheltenham is For Sale via Expressions of Interest closing Thursday 5th December at 2:00pm (AEDT).

Property ID: 504732736Last Updated: 18 Nov 2024

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