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545 Blackburn Road, Mount Waverley, VIC, 3149

Properties / Buy / Victoria / Mount Waverley

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Contact Agent

Land Area

3,840 m² (*approx)

Floor Area

7310 m² (*approx)

Property Type

Offices, Retail

Sub-type

Cafe/Restaurant

Est. Income

$2,800,000 p/a

Fully Leased

General Mills Australia, Sushi Sushi, Plan B Group and ECI Software.

Nabers Rating

5.0 Stars

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2. Property Highlights

A Premium Office Investment Located Within the Highly Desired Monash Precinct

100% leased with a long 5+ year WALE
Diverse income from high quality tenants
Near new building with ESG features

CBRE is excited to present 545 Blackburn Road, Mount Waverley, a fully leased state-of-the-art 5-level office building for sale by expressions of interest. Developed with a focus on quality, modern building amenity, sustainability and on-site F&B options it comprises 7,310sqm* of NLA with 335* secure car parks.

The property is evidence of the tenant ’flight to quality’ trend with proven retention and reflecting a long 5+ year WALE across a high-quality tenant mix of NYSE and national brand tenants including national head offices of General Mills Australia, Sushi Sushi, Plan B Group and ECI Software.

The improvements sit on 3,840sqm* of land with immediate proximity to the Monash Freeway (480m*) in this employment cluster precinct, near Monash University and the new $564million State Government funded Victorian Heart hospital. Plus, the proposed Suburban Rail Loop’s Monash Train Station (450m*). The property has a 5-Star NABERS energy rating partly due to the future proofed design, environmental and smart features across the building with flexible floor plates up to almost 2,500sqm.

Investments Highlights:

+ Near new premium office building with striking glazed façade offering prominent tenant exposure to Blackburn Road

+ 100% leased to quality spread of NYSE, national brand tenants

+ Highly appealing WALE of 5+ years providing diverse income stability

+ Minimal future CAPEX and attractive depreciation benefits.

+ Large flexible floor plates with extensive natural light, high ceilings, attractive outlooks, quality finishes and amenity complimented by market leading tenant fit outs.

+ A passing net income of $3,075,859p.a*

+ Preferred precinct location near Monash Freeway (480m*) in Monash University precinct and Mount Waverley, Mulgrave and Clayton office market.

+ 5-star NABERS energy rating.

Please contact the sole marketing agents with any other questions:

Scott Orchard: +61 425 760 712

Will Heffernan: +61 400 917 179

(International) Andrew Hunter +65 9656 0573

*Approximately

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