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446 Maroondah Highway, Lilydale, VIC, 3140

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446 Maroondah Highway, Lilydale, VIC, 3140

Lilydale

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446 Maroondah Highway, Lilydale, VIC, 3140

Lilydale

SOLD
446 Maroondah Highway, Lilydale, VIC, 3140

446 Maroondah Highway, Lilydale, VIC, 3140

Properties / Sold / Victoria / Lilydale
Tenanted Investment
Selling Method
Auction
Selling Details
Price on Request
Land Area
6,229 m² (*approx)
Floor Area
2412 m² (*approx)
Property Type
Hotel/Leisure, Retail, Other
Terms
New 10 year lease to October 2032, plus further options to 2042
Est. Income
$545,000 p/a
Fully Leased
Belgravia Group
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10 Year Lease to National Giant Belgravia Group | 6,229sqm* High Exposure Corner Site
  • 10 Year Head Office Lease to Belgravia
  • Recent $3m Upgrades Completed
  • Substantial 6,229sqm* Landholding

Burgess Rawson is pleased to present to the market 446 Maroondah Highway, Lilydale for sale via Portfolio Auction #163

This opportunity has the following key investment highlights:

+ New 10 year ‘Head Office’ lease to Belgravia to October 2032, plus further options to 2042.

+ Belgravia Group: national powerhouse with 300+ locations, 80,000 members, 7,000 employees and $150m+ annual turnover.

+ Landlord favourable net lease terms with the tenant responsible for all usual outgoings.

+ Land rich 6,229* sqm corner site with significant frontage and exposure to Maroondah Hwy, servicing 25,000+ vehicles daily

+ Important 103 car spaces on-title, providing seamless access and entry to the facility.

+ Immaculately presented 2,412sqm* building with recent $3million capital expenditure, providing significant depreciation tax benefits.

+ Fixed annual rent increases, ensuring future rental growth.

+ Strong membership base with over 2,400 members and growing rapidly, capturing the Yarra Valley region.

+ Strategically positioned in the heart of Lilydale’s main activity centre and surrounded by key national retailers; Supercheap Auto, Repco, Pet Stock, Toyota, Nissan, Shell and more.

+ Lilydale: rapidly growing Eastern suburb of Melbourne and the main gateway to the famous Yarra Valley tourism and wine region, 35km from the Melbourne CBD.

+ Net Income: $546,000* pa + GST (as at October 2023)

Remember to mention you found this property on CommercialReady

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Tenanted Investment
Tenanted Investment

446 Maroondah Highway Investment Summary

Property Type
Hotel/Leisure, Retail, Other
Est. Income
$545,000 p/a
Tenant
Belgravia Group
Terms
New 10 year lease to October 2032, plus further options to 2042
Land Area
6,229 m² (*approx)
Floor Area
2412 m² (*approx)
Selling Method
Auction
Auction Date
13 Sep 2023 10:30AM
Selling Details
Price on Request

Investment Highlights

10 Year Lease to National Giant Belgravia Group | 6,229sqm* High Exposure Corner Site
  • 10 Year Head Office Lease to Belgravia
  • Recent $3m Upgrades Completed
  • Substantial 6,229sqm* Landholding

Burgess Rawson is pleased to present to the market 446 Maroondah Highway, Lilydale for sale via Portfolio Auction #163

This opportunity has the following key investment highlights:

+ New 10 year ‘Head Office’ lease to Belgravia to October 2032, plus further options to 2042.

+ Belgravia Group: national powerhouse with 300+ locations, 80,000 members, 7,000 employees and $150m+ annual turnover.

+ Landlord favourable net lease terms with the tenant responsible for all usual outgoings.

+ Land rich 6,229* sqm corner site with significant frontage and exposure to Maroondah Hwy, servicing 25,000+ vehicles daily

+ Important 103 car spaces on-title, providing seamless access and entry to the facility.

+ Immaculately presented 2,412sqm* building with recent $3million capital expenditure, providing significant depreciation tax benefits.

+ Fixed annual rent increases, ensuring future rental growth.

+ Strong membership base with over 2,400 members and growing rapidly, capturing the Yarra Valley region.

+ Strategically positioned in the heart of Lilydale’s main activity centre and surrounded by key national retailers; Supercheap Auto, Repco, Pet Stock, Toyota, Nissan, Shell and more.

+ Lilydale: rapidly growing Eastern suburb of Melbourne and the main gateway to the famous Yarra Valley tourism and wine region, 35km from the Melbourne CBD.

+ Net Income: $546,000* pa + GST (as at October 2023)

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

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446 Maroondah Highway, Lilydale, VIC, 3140

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Property Location of 446 Maroondah Highway, Lilydale, VIC, 3140

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