446 Maroondah Hwy, LILYDALE | Property for sale | Savills
2,412 m²
Price on application

446 Maroondah HwyLILYDALE

    Retail
    2,412 m²

    Key features

    • Underpinned by a head office lease to parent company Belgravia Group
    • State-of-the-Art health and well-being centre of 2,412 sq m with onsite car parking for 102 vehicles
    • Land rich site of 6,229 sq m providing long-term scope for a major mixed-use development
    • Capital expenditure of $3m to tenant specifications offering significant tax depreciation benefits
    • Strong membership base of 2,400; 45% ahead of initial projections
    • Located on major arterial Maroondah Highway with excellent exposure to 25,000 cars passing daily
    • Within the heart of Lilydale’s activity centre close to all amenities including Lilydale Station and Lilydale Marketplace Shopping Centre
    • Belgravia Group: Health & Leisure sector giant with national portfolio of 300 facilities and $150 million in annual turnover
    • Total Net Income: $546,006 per annum (as at Oct’23

    Brand New 10-year Lease on Major Landholding

    About this property

    • For Sale via Expressions of Interest Closing 4:00 PM (AEST), Thursday 25 May 2023.

      *Approx.

    Available space

    LevelTenancySale TypePriceAreaSqmStatus
    n aExpression of Interest2412.00sq mAvailable