Savills are delighted to offer for sale this landmark Doreen mixed-use investment, which is ideally positioned to capitalise on what is truly one of Melbourne’s growth hot-spots. Having just been completed, this magnificent three-level corner building presents extremely well throughout, and is ideally positioned in a thriving retail hub.

The key attributes of this outstanding asset include:

  • Brand new, just completed state-of-the-art building incorporating a major Guardian Early Learning childcare centre plus seven shops

  • Fully leased to a range of high quality tenants including Guardian Early Learning, Fletcher’s Real Estate and Twelve Round Fitness

  • Long-term leases in place with fixed annual rental growth

  • Current Net Rental: $871,324 per annum* + Outgoings & GST

  • Total Building Area: 3,753sq m*

  • Includes 66 undercover car spaces

  • Highly exposed corner landholding of 2,780sq m*

  • Brand new building providing huge depreciation benefits

  • Premium retail corner position directly opposite Woolworths Laurimar Shopping Centre and extensive adjoining retail amenity

  • Positioned at the heart of one of Melbourne’s boom growth precincts, further enhanced by the Mernda Rail Extension Project

The opportunity to secure such a high quality, modern mixed-use asset of this nature is extremely rare, especially when you consider the burgeoning location, long leases to high quality tenants, exceptional future growth potential and unprecedented future development potential.  Accordingly, we encourage prospective purchasers to actively consider this excellent opportunity.

Corner Painted Hills Road & Hazel Glen Drive, Doreen is For Sale by Expressions of Interest closing Tuesday 18 September at 2pm.