Jones Real Estate are delighted to be offering a bulletproof & blue chip trophy commercial investment to the market.
Positioned in an outstanding suburban location at the entrance to Melbourne’s second largest commercial and retail centre and booming south eastern corridor, 11 Assembly Drive, Dandenong South presents a securely leased childcare centre “Kool Kidz” with a long term 15 year lease with 4% annual increases in place. This highly regarded essential service provider has 15 sites throughout Victoria and the childcare industry alone received a windfall of $1.7 billion from the recent Federal Budget in addition to the industry specific funding to remain open during last years pandemic.
Adjoined to the Village Shopping Centre, the site is surrounded by a plethora of high-profile national tenants such as Woolworths, BWS, McDonalds, Bunnings Warehouse, Carls Jr, CFA and Aus Post to name a few.
Sitting on an expansive land holding of 3,735sqm* and zoned as commercial 2, the childcare investment receives a rental income of $405,600* per annum + GST and outgoings. Accessibility to the site remains easy and seamless as a result of its close proximity to the Princes Highway, South Gippsland Freeway and Monash Freeway (M1).
The asset is protected by the Melbourne market fundamentals; quality long term lease with strong essential lservice covenant, blue chip suburban positioning and surrounded by destination retailers, residential / employment catchment areas and major roadway infrastructure.
Commenting on the exciting opportunity at hand, Associate Director at Jones Real Estate Tim Spargo said “In our view this is the best blue chip suburban commercial passive investment to hit the market this year so far and we highly doubt it will be bettered”.
The property has an indicative selling price, ranging between $7,750,000 - $8,500,000.
The property will be auctioned as part of a boutique portfolio of investment assets at 2pm on Wednesday 23rd of June 2021 at Clubhouse Malvern: 1290-1292 Malvern Rd, Malvern Vic 3144. Bidders must register with Jones Real Estate in order to attend.
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