Lyndale Pharmacy & Blue Whale Laundry, 68 Menzies Avenue,
Dandenong North, VIC 3175
Medical & Consulting • Shops & Retail • Other
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Lyndale Pharmacy & Blue Whale Laundry, 68 Menzies Avenue
Dandenong North, VIC 3175
Map of Lyndale Pharmacy & Blue Whale Laundry, 68 Menzies Avenue
Metro Freehold Corner Medical Investment | Longstanding Pharmacy On-Site 60+ Years
- Pharmacy on-site 60+ years
- Tenants pay usual outgoings
- Fixed 3% rent increases
Burgess Rawson is pleased to offer to market ‘Lyndale Pharmacy’ and 'Blue Whale Laundry' located at 68 Menzies Avenue & 28A Curtis Crescent, Dandenong North VIC for sale via Auction Investment Portfolio 172.
The property has the following key investment highlights:
+ Seven (7) year net lease to Lyndale Pharmacy with three further 7-year options to 2049.
+ Lyndale Pharmacy: longstanding local pharmacy provider on-site 60+ years.
+ Five (5) year net lease to Blue Whale Coin Laundry to 2027 plus options to 2037.
+ Blue Whale Laundry: fully functioning self-service coin laundry open 7 days a week.
+ Fixed 3% annual rent increases across both tenancies, ensuring income growth.
+ Investor preferred net lease terms with both tenants responsible for all usual outgoings.
+ Prominent 215sqm* corner landholding with impressive 40m* triple street frontage (Menzies Ave & Curtis Cres) including ROW laneway access at rear of building.
+ Inner metropolitan location with Woolworths, Coles, ALDI, and Armada Dandenong Plaza all within 2 kilometres.*
+ Greater Dandenong: 30 kilometres south east from Melbourne CBD, home to 163,000+ residents and with an annual economic output of $58.23 billion. (1)
+ Net Income: $98,217 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 30 October 2024
River Room - Crown Casino, Melbourne
* Approx
1 REMPlan
The property has the following key investment highlights:
+ Seven (7) year net lease to Lyndale Pharmacy with three further 7-year options to 2049.
+ Lyndale Pharmacy: longstanding local pharmacy provider on-site 60+ years.
+ Five (5) year net lease to Blue Whale Coin Laundry to 2027 plus options to 2037.
+ Blue Whale Laundry: fully functioning self-service coin laundry open 7 days a week.
+ Fixed 3% annual rent increases across both tenancies, ensuring income growth.
+ Investor preferred net lease terms with both tenants responsible for all usual outgoings.
+ Prominent 215sqm* corner landholding with impressive 40m* triple street frontage (Menzies Ave & Curtis Cres) including ROW laneway access at rear of building.
+ Inner metropolitan location with Woolworths, Coles, ALDI, and Armada Dandenong Plaza all within 2 kilometres.*
+ Greater Dandenong: 30 kilometres south east from Melbourne CBD, home to 163,000+ residents and with an annual economic output of $58.23 billion. (1)
+ Net Income: $98,217 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 30 October 2024
River Room - Crown Casino, Melbourne
* Approx
1 REMPlan
Property ID: 504703208Last Updated: 19 Dec 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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