Domino’s & Independent Living Specialists, 39A & 39B Langhorne Street, Dandenong, Vic 3175

Burgess Rawson in conjunction with Cameron are delighted to offer to the market the Domino’s & Independent Living Solutions at 39A & 39B Langhorne Street, Dandenong VIC for sale via Private Treaty.
 
The property has the following key investment highlights:
 
+ Dual income stream investment with renewed leases to national and international tenants.
+ Domino’s: worlds largest pizza chain with 728* stores across Australia and more than 20,000 worldwide.**
+ Independent Living Specialists (ILS): leading national medical and homecare mobility retailer with over 60 retail showrooms across Australia.
+ Landlord preferred, net lease terms with tenants paying all usual outgoings (Domino's pays land tax)
+ Fixed, compounding 4% and 3% annual increases ensuring rental growth.
+ Sizeable 544 sqm* building area across both tenancies.
+ Valuable CBD position with 544 sqm* land area and 20m* frontage to Langhorne Street.
+ Highly desirable ‘Comprehensive Development Zone’ (CDZ2) landholding providing significant future development upside STCA.
+ Includes architect concept plans for a 7-storey, mixed use development comprising retail, office and 24 dwellings principally conforming to the Dandenong Activity Centre scheme.  
+ Recent renovations to both properties (Domino’s latest corporate fit-out and ILS to modern showroom).
+ Strategically positioned with easy access to major arterials including Princes Highway, Cheltenham Road, Stud Road, Eastlink, Dandenong Bypass and Monash Freeway.
+ City of Greater Dandenong: Home to 164,484 people, expected to increase by 15.4% to 189,891 by 2036*** with an annual economic output of $57.2 billion.****
+ Net Income: $162,326 pa* + GST (December 2024)
 
To be sold by Private Treaty.
 
*Approx 
**Domino’s 
*** Victoria in Future 2023
**** REMPLAN