468-472 Princes Highway,
Noble Park, VIC 3174

+Secure 10 year lease to 2027 plus option to 2032.
+In2Performance: World renowned training facility with huge active membership base.
+Strong and certain income growth with fixed, annual compounding 3% rent increases.
+Landlord favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings excluding land tax.
+Major 5,779 sqm* landholding with 168 metres* of combined frontage and exposure to Princes Highway and Overseas Drive, two main arterial roads servicing over 45,000 vehicles daily.**
+Versatile Commercial 2 Zoning (C2Z) with significant development upside.
+Imposing 3,300 sqm* state-of-the-art facility with ample on-site car parking.
+Strategic Metro-Melbourne location just 25km* from Melbourne CBD.
+Situated within close proximity to various high-profile national tenants, with Coles, McDonald’s, KFC, Domino’s Pizza, 7-Eleven, Chemist Warehouse & Harvey Norman all within 1.5km*.
+Surrounded by important social infrastructure, including 25 schools within 3km servicing over 13,000 full time students.**
+Greater Dandenong: Fast growing region, with population forecast to grow 22% to over 205,000 by 2029.***
+Geographical significance of the area evident through ongoing government funded development projects the $600 million Dandenong Central Revitalisation Project will deliver over 500 new dwellings, community spaces, retail opportunities and entertainment district.***
+Net Income: $253,563 pa* + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino - River Room

*Approximately
**GapMaps
***Greater Dandenong Council

Burgess Rawson Agents
Shaun Venables 0411 860 8...
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Rick Jacobson 0413 830 083

Vinci Carbone Agents
Frank Vinci 0418 375 3...
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