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Dan Murphy's, 328 Bay Road, Cheltenham, VIC, 3192

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Dan Murphy's, 328 Bay Road, Cheltenham, VIC, 3192

Dan Murphy's, 328 Bay Road, Cheltenham, VIC, 3192

Properties / Sold / Victoria / Cheltenham
Tenanted Investment

1. Property Summary

Selling Method
EOI
Selling Details
Closing Thursday 5th December at 2:00pm (AEDT).
Land Area
3,469 m² (*approx)
Floor Area
1327 m² (*approx)
Property Type
Retail
Sub-type
Mixed Use
Terms
Ten (10) year lease plus options to 2079
Est. Income
$666,475 p/a
Fully Leased
Endeavour Group
Show All

2. Property Highlights

FREESTANDING DAN MURPHY’S IN AFFLUENT BAYSIDE LOCATION
  • Premium Bayside Location
  • Blue chip ASX-listed tenant
  • Triple fronted land holding: 3,469 sqm

Gorman Commercial and JLL are pleased to present Dan Murphy’s Cheltenham for Sale by Expressions of Interest.

The asset provides investors with the opportunity to acquire a trophy freehold investment, situated within one of Melbourne’s fastest growing catchments and further underpinned by Australia’s largest retail liquor operator, Endeavour Group.

* Securely leased to blue chip ASX listed tenant – Endeavour Group

* Endeavour Group (ASX:EDV) is a top ASX-50 listed company and Australia’s largest liquor retailer with 1,650 stores

* Income: $666,475 pa + GST

* Ten (10) year lease plus options to 2079

* One of Victoria’s strongest trading Dan Murphy’s stores with history of turnover rent

* Substantial land holding of 3,469sqm plus 63 car spaces including EV charging station

* High exposure location with huge 63 metre frontage to Bay Road, a major thoroughfare with constant traffic flow of 21,000 vehicles per day

* Prime freestanding store of 1,327sqm with modern improvements, recently completed in 2019 with depreciation benefits available

* Three street frontages providing excellent access and egress

Dan Murphy’s Cheltenham is For Sale via Expressions of Interest closing Thursday 5th December at 2:00pm (AEDT).

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

1. Property Summary

Property Type
Retail
Sub-type
Mixed Use
Est. Income
$666,475 p/a
Tenant
Endeavour Group
Terms
Ten (10) year lease plus options to 2079
Land Area
3,469 m² (*approx)
Floor Area
1327 m² (*approx)
Selling Method
EOI
EOI Closing Date
5 Dec 2024 02:00PM
Add to calendar
Selling Details
Closing Thursday 5th December at 2:00pm (AEDT).

2. Property Highlights

FREESTANDING DAN MURPHY’S IN AFFLUENT BAYSIDE LOCATION
  • Premium Bayside Location
  • Blue chip ASX-listed tenant
  • Triple fronted land holding: 3,469 sqm

Gorman Commercial and JLL are pleased to present Dan Murphy’s Cheltenham for Sale by Expressions of Interest.

The asset provides investors with the opportunity to acquire a trophy freehold investment, situated within one of Melbourne’s fastest growing catchments and further underpinned by Australia’s largest retail liquor operator, Endeavour Group.

* Securely leased to blue chip ASX listed tenant – Endeavour Group

* Endeavour Group (ASX:EDV) is a top ASX-50 listed company and Australia’s largest liquor retailer with 1,650 stores

* Income: $666,475 pa + GST

* Ten (10) year lease plus options to 2079

* One of Victoria’s strongest trading Dan Murphy’s stores with history of turnover rent

* Substantial land holding of 3,469sqm plus 63 car spaces including EV charging station

* High exposure location with huge 63 metre frontage to Bay Road, a major thoroughfare with constant traffic flow of 21,000 vehicles per day

* Prime freestanding store of 1,327sqm with modern improvements, recently completed in 2019 with depreciation benefits available

* Three street frontages providing excellent access and egress

Dan Murphy’s Cheltenham is For Sale via Expressions of Interest closing Thursday 5th December at 2:00pm (AEDT).

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tom Maule
Tom Maule
+61 *** *** *** show +61 401 636 049
Jonathon McCormack
Jonathon McCormack
+61 *** *** *** show +61 418 835 885
Tom Noonan
Tom Noonan
+61 *** *** *** show +61 402 319 698
Stuart Taylor
Stuart Taylor
+61 *** *** *** show +61 428 000 000

Download Development Site Report
Tom Maule
Tom Maule
+61 *** *** *** show +61 401 636 049
Jonathon McCormack
Jonathon McCormack
+61 *** *** *** show +61 418 835 885
Tom Noonan
Tom Noonan
+61 *** *** *** show +61 402 319 698
Stuart Taylor
Stuart Taylor
+61 *** *** *** show +61 428 000 000

3. Property Location

Dan Murphy's, 328 Bay Road, Cheltenham, VIC, 3192

Property Map
Street View
Dan Murphy's, 328 Bay Road, Cheltenham, VIC, 3192 Cheltenham
Gorman Commercial - Hawthorn East
Gorman Commercial - Hawthorn East
L1, 415 Riversdale Road, Hawthorn East, VIC, 3123
Tom Maule
Tom Maule
+61 *** *** *** show +61 401 636 049
Jonathon McCormack
Jonathon McCormack
+61 *** *** *** show +61 418 835 885
JLL - Melbourne
JLL - Melbourne
Level 33, 101 Collins Street Melbourne Vic 3000
View Agency Profile
Tom Noonan
Tom Noonan
+61 *** *** *** show +61 402 319 698
Stuart Taylor
Stuart Taylor
+61 *** *** *** show +61 428 000 000
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