SOLD - Rowville (Melbourne) - New 15 Year Lease to ASX Listed Caltex

Cushman and Wakefield are pleased to present to the market 940 Stud Road (Dandenong Valley Highway), Rowville for sale via Auction.

The property has the following key characteristics:

• Caltex Australia Management Pty Ltd - A wholly owned subsidiary of Caltex Ltd, an ASX50 company with a market capitilisation circa $8 Billion
• Significant 5,962 sqm corner site, dual street access and a 117 metre frontage to Stud Road
• Approx. 770 sqm of GFA and 20 plus car parks
• Within close proximity to Scoresby Industry Park and major national retailers including Coles, Woolworths, Aldi, Bunnings and Supercheap
• Rowville - Strong residential and industrial catchment of Melbourne situated 27 kms from the CBD
• Favourable environmental provisions with ownership of the tanks and remediation responsibility of Caltex
• Tenant pays all usual outgoings (including Land Tax)
• Fixed 3% annual increases
• Net Income $173,000 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Friday 2 November at 10:30am (AEDT) at the Cushman & Wakefield Melbourne Office, located on Level 9, 385 Bourke Street, Melbourne VIC 3000.

Prospective purchasers and interested parties will have access to remote bidding facilities in both Sydney and Brisbane.

Should you have interest in bidding on the property from one of these locations, please liaise with the exclusive agents.