Sold
3 Affordable Growth Corridor Investments to be Sold Together or Separately
19-21B Princes Way, Drouin VIC
Sold
Stonebridge Property Group is pleased to offer for sale 19-21B Princes Way, Drouin.
Key highlights include:
- Three (3) side by side investments offered separately or together at the gateway to the rapidly growing suburb of Drouin
Shop 19 & 19A:
- Providing annual income of $36,325** + GST + Outgoings
- Leased to Taste Designs, with further income generated through an ANZ ATM
- Taste Designs have recently renewed for a further 4-year term with fixed 3% rental increases
- Prime corner space of 145 sqm*
Shop 21A:
- Providing annual income of $33,373** + GST + Outgoings
- Leased to the strong trading Drouin Gourmet Café on a 4-year term with fixed 3.5% rental increases
- Café fit out with dining area comprising 123 sqm*
Shop 21B:
- Providing annual income of $32,000** + GST + Outgoings
- Leased to national tenant Physiochoice Pty Ltd on a recently renewed 3-year term with fixed 3% rental increases
- Well-exposed space of 126 sqm*
Location:
- Located in a tightly held ‘gateway’ pocket of Drouin that benefits from exposure to over 17,000^ vehicles passing daily
- Bolstering the longevity of the position is Drouin Train Station (190 m*), Australia Post and a range of medical/wellness operators immediately surrounding the property
- Drouin is a rapidly expanding regional centre ~33 km* east of metropolitan Melbourne. The suburb forms part of the Baw Baw Shire, which boasts a forecast population of 55,278 and is anticipated to see a major increase of 53% by 2041^^
* Approximately
** Income as at 2nd December 2021
^ Source: VicRoads
^^ Source: ForecastID
19-21B Princes Way, Drouin is for sale by Expressions of Interest closing Wednesday 20th October 2021 at 2pm (AEDT).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Are you interested in similar properties throughout Victoria’s southeast growth corridor? Click on the below link for a complete summary of the 12 properties within the Private Investor Portfolio:
