39A & B Langhorne Street Dandenong

$2,925,000

An opportunity exists to purchase a modern concrete panel construction shop duplex located in one of Dandenong's best retail streets, one street from the Dandenong Plaza, adjacent to the new multi-story Court Services building and a stone's throw from the Dandenong Court and Police Precinct.

The two shops are both occupied by national tenants.

Shop 39A is approximately 143m2, is leased to Dominos Pizza Australia Ltd and returns $58,585.21 net per annum (effective 11/10/2023) on a five (5) year lease commencing 11/10/2021, with a further five (5) year option.

Shop 39B is approximately 336m2, is leased to Independent Living Specialist Pty Ltd, a nationally recognised NDIS provider and returns $98,400.00 net per annum (effective 10/12/2022) on a three (3) year lease commencing 10/12/2022, with a further three (3) year option.

Total rental return is $156,985.00 per annum net effective 11/10/2023.

There is no doubt that this is the best commercial investment offering in the Greater Dandenong Area at this time. Serious investors MUST inspect!

For further details and to arrange an inspection, contact one of our agent's today:
Jeffrey Richardson - 0418 328 101
Chris Azidis - 0478 770 903
George Peng- 0432 582 669