Prominent Retail Investment

415-417, Springvale Road, FOREST HILL, VIC, 3131

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341 m2

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Overview

A big name to add to your commercial portfolio.

GrayJohnson is pleased to offer for sale by auction this substantial retail investment in Springvale Road, Forest Hill.

The long term tenant is Australia’s largest pharmacy retailer with more than 300 stores* and 9,500 staff nationally*.

This valuable essential services tenant has just committed to a new 5 + 5 year lease, making the property an excellent acquisition for investors.

The opportunity:
> Occupied by Chemist Warehouse since 2007
> Brand new 5+5 year lease
> Annual fixed rental increases
> Rental: $87,915 pa + GST & Outgoings
> Wide frontage to Springvale Road
> Substantial retail premises of 341 sqm*
> Land area: 373 sqm*
> Excellent on-street parking in service road
> Zoned Commercial 1

The location:
• High exposure on main road location
• Located in boutique neighbourhood shopping strip
• Established residential precinct only 18km* from the CBD
• Easy access to major arterials

Auction Wednesday 30 November @ 11 am

*approx.

Key Details

Status

Sold

Type

Retail

Contact

Matt Hoath

Director & Auctioneer (melbourne)

mhoath@grayjohnson.com.au

0418 543 714

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Their interests are our priority

Di & David Haggett

Communication throughout was first class. They helped us understand the market, our options and fought hard to get us a great price. We would highly recommend GrayJohnson if you’re looking for a commercial property partner.

Peter Kirkpatrick

Charter Keck Cramer

To date, they have achieved just shy of $20 million in sales, for 27 properties and have just been appointed to sell another. We wouldn’t hesitate to recommend Matt, Rory and their team at Gray Johnson to sell your commercial property.

Egbert Pereira

EPA Group Accountants

Matt was exceptional. He helped me understand the commercial market challenges, seller expectations and intricate purchasing processes at auction to secure the purchase. Promptness and clear communications were some amazing visible qualities.

Tony Licciardi

Safetynet Investments

Thoroughly professional, they keep you informed through out the leasing process, they will do the hard yards to secure a tenant that will suit your premises. I cannot highly recommend GrayJohnson any more for they work hard to achieve the best outcome for their clients.

Edward McDermott

DCM Lawyers

GrayJohnson were able to find us our new offices quickly and diligently. They continue to be professional and reliable in the management of our tenancy and are always available to assist with any matter if required.

Matt Marshall

Smart Freight

Rory White helped us sell our offices in Richmond. He was professional, accessible and passionate about getting a good result (which he did). I would definitely use again.

Trent O'Sullivan

Balance Advertising

I loved the fact that they had my back, negotiated hard and kept me up to speed through the whole process. The fact is they know what they're talking about, they have the insights and I benefited from that.

Sonya Miller

Armitage Jones

We would like to put on record our genuine appreciation and commendation for the services provided by the GrayJohnson sales team. The final negotiations were handled with the utmost professionalism and skill.

Matt Power

Balance Property Partners

GrayJohnson achieved two property sales in difficult markets with limited buyers and a difficult finance/banking environment. In both cases, Matt, Rory and the team at GrayJohnson worked hard to ensure a result for both vendors.