Cash Converters 321 Lonsdale Street (Cnr Scott Street), Dandenong, Vic 3175

CBRE Melbourne Metropolitan Sales is pleased to present for sale Cash Converters Dandenong, 321-327 Lonsdale Street, Dandenong (corner Scott Street).

Situated in Dandenong’s main retail and commercial thoroughfare, the blue-chip corner opportunity can be summarised by the following key attributes:

+ A striking corner freehold opportunity with substantial triple street frontage of 87m* + on-site parking for 10 vehicles via McQuade Lane to the rear of the property

+ Leased to Cash Converters, an ASX listed business with over 669* stores globally across 17 countries, with a market capitalisation of $138m* as at June 2024 (ASX:CCV) 
 
+ Longstanding tenant operating in Dandenong for over 30 years

+ Tenant pays all outgoings including single holding land tax 

+ Annual income of $172,827* as at Oct-2024 with annual CPI increases 

+ 5 year lease plus options to October 2032 

+ Set to benefit from the $290 million Revitalising Central Dandenong initiative by the Victorian Government, with the project set to inject $1 billion in private sector investment and create 5,000 jobs ^^
 
+ Entrenched in a notable commercial, retail & residential hub, surrounded by national retailers along Lonsdale Street, prominent corporate businesses, Government bodies, not for profit organisations and leading medical organisations

+ Strategically located at the epicentre of a superb network of major arterial roads such as Monash Freeway and Eastlink, in addition to several public transport options close by

+ Surrounded by highly accessible street parking and major council car park, Dandenong Plaza, Dandenong Market and close to Dandenong train station

Please contact CBRE to obtain further information or to arrange an inspection. 

Cash Converters Dandenong, 321-327 Lonsdale Street, Dandenong (corner Scott Street) is for sale via an on-site auction on Thursday 14th November at 2:30pm (AEDT).

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au

Alex Brierley
+61 447 974 447 
alex.brierley@cbre.com.au

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 116 (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)

*Denotes Approx.
^^Development Victoria