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545 Blackburn Road, Mount Waverley, VIC, 3149

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+32 Photos

+34 Photos

Properties / Buy / Victoria / Mount Waverley

Tenanted Investment

1. Property Summary

Selling Method

Expression of Interest

Selling Details

Closing Friday, 25th March 2022 at 12noon (AEDT)

Land Area

3,008 m² (*approx)

Floor Area

7257 m² (*approx)

Property Type

Offices

Est. Income

$2,995,780 p/a

Fully Leased

NYSE, ASX listed and national brand tenants.

Car Spaces

335

Show All

2. Property Highlights

A PREMIUM OFFICE INVESTMENT LOCATED WITHIN THE HIGHLY DESIRED MONASH PRECINCT

100% leased with 5.3 year WALE
NYSE & ASX Listed tenant covenants
New building with depreciation benefits

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. Recently developed with focus on quality, modern amenity and sustainability the property comprises of 7,257sqm* of NLA with 335* secure car parks. This is one of the best freestanding office properties located within the Monash University, technology, innovation, life sciences precinct and nationally regarded employment cluster.

The property is a true reflection of the developer’s patient and strategic approach which now reflects a long 5.3-year WALE across a high-quality tenant mix of NYSE and ASX listed tenants including national head offices of General Mills Australia, Bank of Melbourne and ECI Software Solutions

The improvements sit on over 3,000sqm of land with immediate proximity to the Monash Freeway, Monash University and the new $564million State Government funded Victorian Heart hospital. Plus, the proposed Suburban Rail Loop’s Monash Train Station

The property has a 4.5-Star NABERS energy rating partly due to the future proofed design, environmental and smart features across the building with floor plates up to almost 2,500sqm.

INVESTMENT HIGHLIGHTS:

+ Recently constructed premium office building with striking glazed façade offering prominent tenant exposure to busy Blackburn Road.

+ 100% leased to quality spread of NYSE, ASX listed and national brand tenants.

+ Highly appealing WALE of 5.32* years providing income stability.

+ Diversified current net income circa $2,995,785* per annum plus GST.

+ Minimal future CAPEX and attractive depreciation benefits.

+ Large floor plates that boast extensive natural light, high ceilings, attractive outlooks and superior quality finishes and amenity.

+ Prime location near Monash Freeway in Monash University precinct and Mount Waverley, Mulgrave and Clayton office market.

+ 4.5 star NABERS energy rating.

For Sale by Expressions of Interest Closing: Friday, 25th March 2022 at 12noon (AEDT)