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LILYDALE M A I N
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I'M A VAULT OF OPPORTUNITY.
LET ME INTRODUCE MYSELF.
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226 Main Road, Lilydale presents a rare opportunity to acquire a retail freehold with a blue-chip tenant. The property offers immediate income security with its longstanding tenant in Bendigo Bank and is nestled prominently within the heart of one of the outer easts best performing retail strips. Bendigo Bank have historically extended lease terms over a long period however with only two (2) years remaining, there is an opportunity for an owner occupier to take over the exceptionally well maintained building.
YOUR EXCLUSIVE AGENTS, SAY HELLO TODAY.
TOTAL BUILDING AREA
LAND AREA
365m2*
432m2*
BUY ME.
Public Auction Thursday 25 September at 12 noon on-site
Jeremy Gruzewski
Joshua Colosimo
Executive Director - Head of Agency 0422 211 021 jeremy@astoncommercial.com.au
Associate - Agency 0413 790 309 joshua@astoncommercial.com.au
TERMS OF SALE
ZONING
10% deposit with the balance payable in 60-90 days
Commercial 1 (C1Z)
CASH FLOW TODAYOCCUPY FROM 2027 Secure short-term income now, with the flexibility to occupy in less than two (2) years. This opportunity is ideally suited to owner-occupiers seeking a rental return today and a prime, move-in ready space tomorrow. The existing high-quality fit-out caters to a wide variety of uses (STCA), including:
PROFESSIONAL SERVICES – ACCOUNTING AND FINANCE, LEGAL, REAL ESTATE, EDUCATION AND TRAINING AND MORE
MEDICAL – ALLIED HEALTH, GENERAL PRACTICE, DENTAL, PHYSIOTHERAPY AND OTHER HEALTH SERVICES
RETAIL – FITNESS AND WELLBEING, HEALTH AND BEAUTY, FOOD AND BEVERAGE, SPECIALTY RETAIL
POSITIONED FOR BOTH IMMEDIATE INCOME AND FUTURE OCCUPATION, THIS PROPERTY REPRESENTS THE BEST OF BOTH WORLDS.
WHY BUY? $
SUITABLE FOR A VARIETY OF FUTURE USES INCLUDING RETAIL, MEDICAL AND PROFESSIONAL SERVICES (STCA)
STRONG ANNUAL INCOME FROM NATIONAL TENANT
IMMEDIATE INCOME SECURITY IDEAL FUTURE OWNER-OCCUPIER OPPORTUNITY
SUBSTANTIAL LAND PARCEL OF 432M2*
SURROUNDED BY MAJOR RETAILERS AND NATIONAL BRANDS
A TENANT YOU CAN BANK ON. TENANT PROFILE Bendigo Bank remain one of Australia's most trusted banks with over 2.7* million customers throughout the country. With over 400* branch locations nationally, Bendigo Bank's core belief is to invest back into the community and in technology and accessibility. Bendigo Bank have been operating at 226 Main Street, Lilydale since 2011. TENANT
Bendigo Bank
ANNUAL RENT
$100,112* + GST + outgoings
LEASE TERM
Three (3) years
OPTIONS
Nil
LEASE EXPIRY
31st June 2027
RENT REVIEWS
4% annual increases
SS
432m2*
REAR ACCE
MAIN STREET
BUILDING DETAILS
CLARKE STREET
Set upon a commanding land parcel of 432m2* the property presents as a single-level, double shop front comprising a total building area of 365m2*. Featuring a generous openplan space and a functional mix of private offices/ boardroom, the property is adaptable for a number of future uses as well as the ability to subdivide given it's substantial 9.4m* frontage. The commercial 1 zoning offers ultimate flexibility and strong future development upside.
BUILDING AREA
365m2*
FRONTAGE
9.4m*
FLOORPLAN
LILYDALE VILLAGE SHOPPING CENTRE
LILYDALE FIRE STATION
I'M IN GOOD COMPANY. 226
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LILYDALE 3140 Lilydale serves as the gateway to the Yarra Valley and is home to a vibrant and evolving commercial precinct that blends established retailers with modern conveniences. Anchored by major supermarkets, national retailers and a variety of specialty shops, the precinct is complemented by an array of cafés, restaurants and essential services that cater to the growing local population and surrounding catchments. Its accessibility via Maroondah Highway and proximity to Lilydale Train Station make it a well-connected hub while ongoing development continues to strengthen its role as the key commercial and service centre for Melbourne’s outer east.
LILYDALE
Yarra Ranges Shire
TOP SECTOR OF EMPLOYMENT CONSTRUCTION
15%
HEALTH CARE AND SOCIAL ASSISTANCE
13.6%
RETAIL TRADE
9.7%
EDUCATION AND TRAINING
LILYDALE TRAIN STATION 400m*
LILYDALE VILLAGE SHOPPING CENTRE 300m*
40
MAROONDAH HIGHWAY 50m*
COLES 450m*
9%
MANUFACTURING
8.8%
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES
6.2%
SUBURB PROFILE
18,191*
$1,764*
Population
Median weekly household income
minutes* TO MELBOURNE CBD
H D AR Y R ST E ET M A I N
CLARKE STREE T
S T R E E T
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LILYDALE M
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LILYDALE TRAIN STATION
LILYDALE MARKETPLACE
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WHAT, WHEN & HOW? Public Auction on Thursday 25 September at 12 noon on-site Terms: 10% deposit with the balance payable in 60-90 days Payment of Deposit: Macquarie Direct Debit Pay via secure portal link
INSPECT
REQUEST
Make a private appointment with the exclusive agents
A contract of sale and vendor statement
YOUR EXCLUSIVE AGENTS, SAY HELLO TODAY.
Jeremy Gruzewski
Joshua Colosimo
Executive Director - Head of Agency 0422 211 021 jeremy@astoncommercial.com.au
Associate - Agency 0413 790 309 joshua@astoncommercial.com.au
DISCLAIMER “Materials” refers to any and all, statements, documents, data, statistics, measurements, estimates, figures, calculations, images, projections, approximates or other representations, whether explicit or implicit, provided or published by Aston Commercial Pty Ltd, its employees or agents (Aston Commercial). The Materials constitute general information and are provided for the recipient’s exclusive and confidential use to assist with inquiries in relation to property or land. The Materials in no way constitute advice, an offer, or a contract and should not be relied upon in any way in entering a contract or agreement. Aston Commercial makes no representations and assumes no liability as to the completeness, correctness, context, or suitability of the Materials. Any dimensions or measurements of the property or the land (internal and external) are approximates only. A person should seek professional advice, including but not limited to legal advice, and conduct their own investigations to satisfy themselves of the property or land, including dimensions or measurements. Limitation of Liability: Aston Commercial excludes, to the fullest extent permitted by law, all inferred or implied terms, conditions and warranties arising in connection to the Materials and all liability for loss, damage, injury or claim (whether direct or indirect) in connection to its use or reliance. Where liability cannot be excluded, Aston Commercial limits, to the fullest extent permitted by law, all liability for loss, damage, injury or claim (whether direct or indirect) in connection to use or reliance of the Materials.
*approximate
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