Dan Murphy's Cheltenham

JLL in conjunction with Gorman Commercial are pleased to present Dan Murphy’s Cheltenham for Sale by Expressions of Interest.

The asset provides investors with the opportunity to acquire a trophy freehold investment, situated within one of Melbourne’s fastest growing catchments and further underpinned by Australia’s largest retail liquor operator, Endeavour Group.

+ Securely leased to blue chip ASX listed tenant – Endeavour Group

+ Endeavour Group (ASX:EDV) is a top ASX-50 listed company and Australia’s largest liquor retailer with 1,650 stores

+ Income: $666,475 pa + GST + Outgoings

+ Ten (10) year lease plus options to 2079

+ One of Victoria’s strongest trading Dan Murphy’s stores with history of turnover rent

+ Substantial land holding of 3,469sqm plus 63 car spaces including EV charging station

+ High exposure location with huge 63 metre frontage to Bay Road, a major thoroughfare with constant traffic flow of 21,000 vehicles per day

+ Prime freestanding store of 1,327sqm with modern improvements, recently completed in 2019 with depreciation benefits available

+ Three street frontages providing excellent access and egress

Dan Murphy’s Cheltenham is For Sale via Expressions of Interest closing Thursday 5th December at 2:00pm (AEDT).

For further information, please contact the selling agents:

Tom Noonan | 0402 319 698

Stuart Taylor | 0428 000 000

Jarrod Herscu | 0418 155 062

MingXuan Li | 0498 688 998