Nunawading

Project Description

The property is situated on the southern side of Whitehorse Road, just west of the intersection with Springvale Road, in Nunawading approximately 18 kilometres east of the Melbourne central business district. Nunawading and the surrounding suburbs are well established residential areas of Melbourne. Whitehorse Road (Maroondah Highway) is a major arterial road that carries high volumes of traffic and provides access from the eastern suburbs through to the central business district. As a result, the property receives excellent exposure from passing traffic and is situated among many other bulky goods and service retailers and showroom uses, taking advantage of the highway frontage. Springvale Road, less than one kilometre east of the property, is one of the main north-south routes in the area. Nunawading railway station is located one kilometre east of the property and a comprehensive bus service operates in the area. Box Hill district centre, incorporating a commercial precinct, enclosed and strip shopping facilities and a transport interchange is approximately four kilometres to the west, on Whitehorse Road.

* Includes two adjoining properties on land (1,371m2) earmarked for future expansion of the Bunnings Warehouse for which Bunnings pays the Trust $126,959 per annum.

Land area

34,342 m²

The total GLA/retail area

14,766 m²

Lease Commencement Date

24/9/1998

Total Property Cost

$17,824,921 *

Current valuation

$46,100,000

Annual Rent

$2,447,345

Project Location

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