446 Maroondah Hwy, LILYDALE | Property for sale | Savills

Property details
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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

Level	Tenancy	Sale Type	Price	AreaSqm	Status
	n a	Expression of Interest		2412.00sq m	Available