Gorman Commercial and Stonebridge Property Group are pleased to present Dan Murphy’s Balwyn, a high-profile retail corner investment opportunity, in the heart of one of Melbourne’s affluent inner eastern suburbs, Balwyn. The asset is underpinned by a long 10 year lease term, with further options through to 2047, to Endeavour Group — a blue chip ASX-listed liquor retailer with a market capitalisation of $9.04 Bn. Trading as Dan Murphy’s, the location is part of a network of 273+ stores nationally, cementing the business as one of Australia’s most recognisable liquor retailers. Investment Highlights: * 10 year lease term to December 2032 plus options to 2047 with rare CPI annual increases * Super prime 687 sqm* Commercial 1 zoned, corner landholding with 75m* frontage * High quality building and fit out recently completed providing significant depreciation benefits * High profile Whitehorse Road, Balwyn corner location literally opposite a substantial Woolworths Supermarket * Estimated net income $537,728 pa + GST (as at 16-Dec-24) Dan Murphy’s Balwyn is For Sale via Expressions of Interest closing Thursday 17th October 2024 at 3:00pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents. Gorman Commercial: Jonathon McCormack 0418 835 885 Peter Bremner 0412 326 942 Stonebridge Property Group: Rorey James 0439 400 081 Kevin Tong 0422 848 818 *approx.
Gorman Commercial Real Estate
L1 /415 Riversdale Road, Hawthorn-East, Vic
Stonebridge Property Group - Melbourne
Level 19, 627 Chapel Street, South-Yarra, Vic
Property ID: 504694180