11A Dunearn Road, Dandenong North, Vic 3175

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING THURSDAY 28TH NOVEMBER AT 1PM

Nichols Crowder is proud to present 11A Dunearn Road, Dandenong North, to the market through our Portfolio Sale Expressions of Interest campaign.

This high yielding investment offers impressive income streams across three tenancies. 

The ground floor features a 120sqm* retail space, occupied by the anchor tenant, Dunearn Pharmacy, a well-established business and local favourite. 

The first floor comprises a 68sqm* office, leased to an e-Commerce business. Completing the property, the residence extends from the rear of the first floor and occupies the entire second level, with a balcony adding further value to the residential aspect.

this property presents an excellent opportunity for investors seeking reliable tenants and
multiple income streams.

Key features include:

* Total commercial building area: 188sqm*
* Estimated net income (excluding Land Tax) $82,802.09
* Total land area: 187sqm*
* Well presented residence, with a balcony
* Two (2) secure garage spaces on title with rear access
* High-activity retail strip with great on-street parking
* Great signage exposure for tenants

Ground Floor Tenancy:
* Anchor tenant: Dunearn Pharmacy, returning $50,824.09 p/a + Outgoings & GST
* Lease expiry: October 2028
* Five (5) year option with market rent review
* 3% annual increases

First Floor Tenancy:
* Returning $15,738 p/a + Outgoings & GST
* Lease expiry: April 2026
* Two (2) year option with market rental review
* 3% annual increases

Residence:
* Returning: $20,340 inclusive of outgoings

11A Dunearn Road, Dandenong North presents an excellent opportunity for investors seeking reliable tenants and multiple income streams.

For further details or to arrange an inspection please contact:

Matthew Duncan 0400 427 427
Matt Nichols 0418 186 488

DISCLAIMER:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. 

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