Market Updates

May 24, 2017

DELICIOUS INVESTMENT

FOR SALE BY EXPRESSIONS OF INTEREST
Closing Thursday, 15th June at 5pm

1/16 Garden Boulevard, Dingley Village

Being offered to the market for the first time in almost 30 years is this fantastic investment property at 1/16 Garden Boulevard, Dingley Village.  Leased to Redwood Gardens Chinese Restaurant since 1994, this large, well-presented, single level restaurant with an outdoor seating area overlooking the Redwood Gardens lake is a local institution.

Zoned Industrial 1, the building of 218sqm is on land of 260sqm.  It is located close to major transport links, including Boundary Road and Centre Dandenong Road, as well as Moorabbin Airport.

The property is currently leased for $65,977 per annum until November 2019, with annual 4% rent reviews.  There is one remaining five-year lease option, and all outgoings (excluding land tax) is payable by the tenant.

Sales and Leasing Executive, David Garfield, says, “This is a great investment opportunity with considerable appeal for a buyer wanting a long-term tenant.  The building itself is in excellent condition and is in a location close to many business and residential customers.”

For further information contact:
David Garfield 0412 651 661

NB: All areas and measurements are approximate.  All prices are plus GST, unless otherwise stated.