Sold
Rare Dan Murphy's Trophy Investment Opposite Woolworths
288-292 Whitehorse Road, Balwyn VIC
SOLD
Stonebridge Property Group are pleased to present Dan Murphy's Balwyn, a high-profile retail corner investment opportunity, in the heart of one of Melbourne's affluent inner eastern suburbs, Balwyn.
The asset is underpinned by a long 10 year lease term, with further options through to 2047, to Endeavour Group a blue chip ASX-listed liquor retailer with a market capitalisation of $9.04 Bn. Trading as Dan Murphy's, the location is part of a network of 273+ stores nationally, cementing the business as one of Australia's most recognisable liquor retailers.
Investment Highlights:
- 10 year lease term to December 2032 plus options to 2047 with rare CPI annual increases
- Super prime 687 sqm* Commercial 1 zoned, corner landholding with 75m* frontage
- High quality building and fit out recently completed providing significant depreciation benefits
- High profile Whitehorse Road, Balwyn corner location literally opposite a substantial Woolworths Supermarket
- Estimated net income $537,728 pa + GST (as at 16-Dec-24)
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
*In Conjunction with Gorman Commercial
