Start your search

Location

Property Types

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

Tenure Type

Tenanted Investment

Investment Potential

Back

Select Suburbs

Refine Search

Back

Select Categories

Car Dealership
Co-working
Consulting Rooms
Mixed Use
Strata Office
Whole Building
Office/Warehouse
Agricultural
Hotel
Block of Units / Flats
Health Care & Medical
Strip Retail
Aged Care/Retirement
Serviced Apartments
Warehouse Showroom
Commercial
Office Suites
Shopping Centre
Boarding Houses
Lifestyle/Hobby Farm
Large Format
Resort
Full Floor Office
Car Park
Logistics Building
Child Care
Caravan Park
Business Park
Serviced Offices
Vets
Service Station
Hard Stand
Education/Schools
Cafe/Restaurant
Winery
Storage Facility
Camping Ground
Pub/Bar/Nightclub

Watch

Your home of Commercial Ready videos

Watch

All Videos

Kingston Funerals, 305 Warrigal Road, CHELTENHAM, VIC, 3192

+13 Photos

+15 Photos

SOLD

Kingston Funerals, 305 Warrigal Road, CHELTENHAM, VIC, 3192

Properties / Sold / Victoria / Cheltenham

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

1,259 m² (*approx)

Floor Area

1 m² (*approx)

Property Type

Retail, Child/Healthcare, Land

Sub-type

Mixed Use, Consulting Rooms

Show All

2. Property Highlights

New 10+10+10 Year Lease to Essential Service Tenant

New 10 year net lease
Funeral Home Since 1995
Fixed 3% rent increases

Brand new 10+10+10 year lease to 2051.

Kingston Funerals: market leading operator established on-site 26 years.

Thriving essential service sector.

Favourable net lease terms with tenant paying all usual outgoings.

Strong and certain rental growth with compounding, annual 3% rent increases.

Irreplaceable 1,259sqm corner landholding with important 61 metre dual street frontage, 19 car spaces and 27,650 vehicles passing daily.

Easily accessible Warrigal Road site, situated directly between Nepean Highway and Dingley Bypass and within 2km of Moorabbin Airport.

Superbly located within 2km of Westfield Southland (370 retailers), DFO Moorabbin (110 retailers), Bunnings, McDonald’s, Hungry Jack’s, Jaycar, Repco, Sydney Tools and RSEA Safety.

Cheltenham: booming suburb 18km south-east of Melbourne CBD with median house price of $1.162,000, (10.2% up since Sep 2020) and population forecast to grow 26.4% by 2041.

Defensive, set-and-forget freehold investment.

Estimated Net Income: $144,625pa + GST .

For Sale by Investment Portfolio Auction

11am (AEST) Tuesday 28 September 2021

Remember to mention you found this property on CommercialReady.com.au

Property Type

Retail, Child/Healthcare, Land

Sub-type

Mixed Use, Consulting Rooms

Land Area

1,259 m² (*approx)

Floor Area

1 m² (*approx)

Selling Method

Auction

Selling Details

Price on Request

2. Property Highlights

New 10+10+10 Year Lease to Essential Service Tenant

New 10 year net lease
Funeral Home Since 1995
Fixed 3% rent increases

Brand new 10+10+10 year lease to 2051.

Kingston Funerals: market leading operator established on-site 26 years.

Thriving essential service sector.

Favourable net lease terms with tenant paying all usual outgoings.

Strong and certain rental growth with compounding, annual 3% rent increases.

Irreplaceable 1,259sqm corner landholding with important 61 metre dual street frontage, 19 car spaces and 27,650 vehicles passing daily.

Easily accessible Warrigal Road site, situated directly between Nepean Highway and Dingley Bypass and within 2km of Moorabbin Airport.

Superbly located within 2km of Westfield Southland (370 retailers), DFO Moorabbin (110 retailers), Bunnings, McDonald’s, Hungry Jack’s, Jaycar, Repco, Sydney Tools and RSEA Safety.

Cheltenham: booming suburb 18km south-east of Melbourne CBD with median house price of $1.162,000, (10.2% up since Sep 2020) and population forecast to grow 26.4% by 2041.

Defensive, set-and-forget freehold investment.

Estimated Net Income: $144,625pa + GST .

For Sale by Investment Portfolio Auction

11am (AEST) Tuesday 28 September 2021

Remember to mention you found this property on CommercialReady.com.au

Tenanted Investment