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12-16 Garden Bvd 2,884 SF Retail Condo Unit Offered at $1,108,275 in Dingley Village, VIC 3172
Investment Highlights
- Freehold investment with lease commencing August 2024.
- Fixed annual rental increases of 4% and market reviews at option renewals.
- 5-year initial term plus two 5-year options (potential until 2039).
- Located near DFO, the upcoming Hawthorn FC facility, and Dingley International Hotel.
Executive Summary
Commercial property strategically located in the Dingley Redwood Garden Precinct. Surrounded by key attractions and strong community patronage. Provides a robust investment profile supported by a stable tenant and long-term lease structure.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 5.44% |
| Sale Type | Investment |
| Cap Rate | 5.44% |
Description
Freehold commercial building tenanted by a successful restaurant within a high-profile business precinct. Current lease commenced August 2024 with a 5-year term plus two 5-year options, providing income security until 2039. Featuring fixed annual rental increases and tenant responsibility for outgoings.
Sale Notes
Exceptional investment opportunity with a freehold building leased to an established restaurant operator. Located in the vibrant Redwood Garden precinct, offering secure income and built-in rental growth. Positioned among major destinations including DFO, Hawthorn FC’s upcoming facility, and Costco.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1A | 2,884 SF | Retail | $1,108,275 ($384.28/SF) | $60,312.62 |
Unit 1A
| Unit Size |
| 2,884 SF |
| Condo Use |
| Retail |
| Price |
| $1,108,275 ($384.28/SF) |
| NOI |
| $60,312.62 |
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Unit 1A
| Unit Size | 2,884 SF |
| Condo Use | Retail |
| Price | $1,108,275 ($384.28/SF) |
| NOI | $60,312.62 |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| Description | |
| Freehold commercial building tenanted by a successful restaurant within a high-profile business precinct. Current lease commenced August 2024 with a 5-year term plus two 5-year options, providing income security until 2039. Featuring fixed annual rental increases and tenant responsibility for outgoings.</li></ul> | |
| Sale Notes | |
| Exceptional investment opportunity with a freehold building leased to an established restaurant operator. Located in the vibrant Redwood Garden precinct, offering secure income and built-in rental growth. Positioned among major destinations including DFO, Hawthorn FC’s upcoming facility, and Costco.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 4,036 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 4,036 SF |
| Building Class | C | Lot Size | 5.80 AC |
| Total Building Size | 4,036 SF |
| Property Type | Retail (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 4,036 SF |
| Lot Size | 5.80 AC |
1 1
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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12-16 Garden Bvd
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