Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Year Built 2010
Building Area Gross
Occupancy 100.0 %

Property description

JLL Retail Investments and Burgess Rawson are pleased to offer for sale Dan Murphy’s Pakenham, a rare opportunity to acquire a strong performing retail asset with further development potential, underpinned by one of Australia’s strongest lease covenants in a booming metro Melbourne location.

Investment highlights

  • 1,438 sqm* Dan Murphy’s store with approximately 83 at-grade car spaces
  • Expansive total landholding of 1.216 ha *
  • 5,750 sqm* of adjoining undeveloped land with flexible mixed-use potential (STCA)
  • Secure 15-year lease to Endeavour Group (ASX: EDV) Australia’s largest liquor and hospitality retailer
  • Strong performing Dan Murphy’s, paying turnover rent
  • Located in an established Metro Melbourne location with strong population growth
  • Limited competition - representing the only large format liquor store within Pakenham
  • Enormous frontage to Princes Highway of 138m* with daily passing traffic in excess of 34,000* vehicles


Dan Murphy’s Pakenham is for sale by Public Expressions of Interest closing 4:00pm (AEDT) Thursday 6th of October 2022.

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, JLL and Burgess Rawson.


JLL


Stuart Taylor | 0428 000 000

Tom Noonan | 0402 319 698

Jarrod Herscu | 0418 155 062

MingXuan Li 李名轩 | 0498 688 998

 

Burgess Rawson


Zomart He | 0488 220 830

Matthew Wright | 0458 290 588

Billy Holderhead | 0422 817 696

Beau Coulter | 0413 839 898


*approx

Last Updated Date: 21 Sep 2022

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Last Updated Date: 21 Sep 2022

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