Unit 9/286-288 Maroondah Highway,
Chirnside Park, VIC 3116

Shops & Retail • Warehouse, Factory & Industrial • Showrooms & Large Format Retail

Price information

Sold

$1,675,000

Key property information

Floor area

Zoning

Tenure type

Sold on

Map of Unit 9/286-288 Maroondah Highway

Directions

Secure & Well Established Investment

Returning $118,014 per annum net
Strong 3.0% fixed annual increases
Long standing tenant

Cushman and Wakefield is pleased to present to market this securely leased investment situated in Chirnside Park’s thriving retail commercial precinct.

Situated on Maroondah Highway major occupiers surrounding the subject property include Harvey Norman, Bunnings Warehouse, Autobarn, Petbarn, JB Hi Fi, Fernwood, Beacon Lighting among others.

Leased to long standing tenant Acespace Pty Ltd, the property consists of a concrete tilt panel unit currently occupied as a Children’s indoor play centre. Total building area is approximately 850 square metres.

Main features include:

• Renewed 5 year lease commencing 1 March 2019
• Leased to well established tenant Ace Space Children's Play Centre
• Returning $118,014 per annum net
• Building area of 850 square metres approximately
• Strong 3.0% fixed annual increases
• Options 2x5 years each
• Excellent signage and exposure on Maroondah Highway
• Zoned Commercial 2

Offered for immediate Private Sale

Please contact Robert Colaneri for further information.

Property ID: 503250390Last Updated: 17 Oct 2023

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