Scoresby

Project Description

The property is situated on the northern side of Ferntree Gully Road, approximately one kilometre west of its intersection with Stud Road, approximately 26 kilometres southeast of the Melbourne central business district. Ferntree Gully Road is a main arterial road that connects the South Eastern Freeway and the Princes Highway. Stud Road is a north-south arterial which provides access between Dandenong in the south and Wantirna in the north. Industrial properties such as Amcor Fibre packaging and Unifoods are nearby, as are other significant industrial land uses to the east and west of the property. Otherwise, the surrounding area is predominantly residential. In June 2012 a store upgrade was complete at a cost of $6,900,000 to the Trust which resulted in a $552,000 increase in the rental and a new 10 year lease.

Land area

34,270 m²

The total GLA/retail area

12,515 m²

Lease Commencement Date

24/9/1998

Total Property Cost

$14,314,212

Current valuation

$29,500,000

Annual Rent

$1,917,525

Project Location

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