615 Dandenong Road, Armadale, VIC, 3143

Knight Frank is pleased to present 615 Dandenong Road, Armadale, a modern three level office building delivering secure income today and substantial long term development upside within one of Melbourne’s most affluent and tightly held inner southeastern precincts.

KEY DETAILS:

• 100% leased with diversified income and WALE of 2.9 years

• Current Net Passing Income: of $1,553,937 per annum plus GST and outgoings

• 75 car parks across two levels of secure basement parking

• Significant recent capital investment reducing near term capex

• Natural light to three sides with excellent outlooks and views

• Major long term development upside with potential for up to 8 levels (STCA)

• 1,399 sqm Commercial 1 Zoned corner site within the Malvern Station Activity Centre

• 4.0 Stars NABERS Energy Rating

Superbly positioned at the junction of Dandenong Road and Glenferrie Road, the property is surrounded by premium retail, hospitality and transport amenity including Malvern Station, Malvern Central and Glenferrie Road’s seven-day precinct, underpinning strong tenant retention and long-term redevelopment feasibility.

The asset occupies a prominent 1,399 sqm Commercial 1 Zoned corner site, providing rare future optionality including potential for up to 8 levels (STCA) under the Victorian.

615 Dandenong Road is offered for sale by Expressions of Interest closing Friday 9 October at 12pm.

Please contact the Exclusive Agents below:

Tom Ryan: 0419 786 244

Trent Preece: 0400 504 300

Remember to mention you found this property on CommercialReady