Market Updates

September 19, 2017

DELICIOUS PURCHASE

A Chinese Restaurant at 1/16 Garden Boulevard, Dingley Village has been sold to the existing tenant for $900,000.  The building of 218sqm was offered for sale for the first time in 30 years, and had been leased to Redwood Gardens Chinese Restaurant since 1994.  The large, single-level restaurant with an outdoor seating area overlooks the local Redwood Gardens lake.

David Garfield, Sales and Leasing Executive, says, “The restaurant is a local institution, and we’re delighted that the tenant has purchased this great property.  The property is near several major transport links, including Boundary Road and Centre Dandenong Road, and is close to many local businesses and household customers.”