8 Portobello Road, Pakenham, VIC, 3810, AU

Dan Murphy's Pakenham

Asset 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.

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Attributes

Building area Gross

1,438 m²

Occupancy

100.00%

Year built

2010

NOI

€261,000

Media

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