OzDesign, 269 Old Geelong Road,
Hoppers Crossing, VIC 3029
Showrooms & Large Format Retail • Shops & Retail
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Gross Waddell ICR - Commercial
Level 1, 30 Collins StreetMELBOURNE, VIC 3000
OzDesign, 269 Old Geelong Road
Hoppers Crossing, VIC 3029
Map of OzDesign, 269 Old Geelong Road
High Profile Showroom Leased To A National Furniture Giant
- Securely leased to a national operator
- Strong income profile
- Superbly positioned showroom
*** SOLD ***
Gross Waddell ICR is pleased to offer this prominent large format retail investment located within the ever-popular Wyndham Homemaker Centre, a part of one of Victoria’s most popular large format retail destinations. Securely leased to OzDesign, the showroom is surrounded by Australia’s biggest brands and benefits from over 32,000^ cars passing daily.
• Securely leased to OzDesign on a 7-year lease to 2027 plus options to 2041
• OzDesign is a market leading national furniture giant with over 40 stores throughout Australia
• Significant income profile generating $304,172* net pa (after single holding land tax)
• Compounding CPI annual rent increases ensuring rental growth - next increase July 2025
• Immaculately presented 1,420 sqm* showroom with rear RSD access, mezzanine office and ample surrounding carparking
• Proven LFR destination with a plethora of nationally recognised brands adjoining including Bunnings, Officeworks, Mitre 10, Forty Winks, JB Hi-Fi, BCF plus many more
• Located within Wyndham City Council, is one of Australia's fastest growing and culturally diverse municipalities with a population forecast to increase 65% to exceed 463,661 (forecast.id.com.au)
The property is for sale via a Expressions of Interest campaign closing Wednesday the 11th of December 2024 at 3 pm. For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.
^VicRoads
*Approx.
Gross Waddell ICR is pleased to offer this prominent large format retail investment located within the ever-popular Wyndham Homemaker Centre, a part of one of Victoria’s most popular large format retail destinations. Securely leased to OzDesign, the showroom is surrounded by Australia’s biggest brands and benefits from over 32,000^ cars passing daily.
• Securely leased to OzDesign on a 7-year lease to 2027 plus options to 2041
• OzDesign is a market leading national furniture giant with over 40 stores throughout Australia
• Significant income profile generating $304,172* net pa (after single holding land tax)
• Compounding CPI annual rent increases ensuring rental growth - next increase July 2025
• Immaculately presented 1,420 sqm* showroom with rear RSD access, mezzanine office and ample surrounding carparking
• Proven LFR destination with a plethora of nationally recognised brands adjoining including Bunnings, Officeworks, Mitre 10, Forty Winks, JB Hi-Fi, BCF plus many more
• Located within Wyndham City Council, is one of Australia's fastest growing and culturally diverse municipalities with a population forecast to increase 65% to exceed 463,661 (forecast.id.com.au)
The property is for sale via a Expressions of Interest campaign closing Wednesday the 11th of December 2024 at 3 pm. For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.
^VicRoads
*Approx.
Property ID: 504731944Last Updated: 13 Dec 2024
Gross Waddell ICR - CommercialLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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