Receivers Sale – Commercial Freehold with Value-Add Upside & Oversupply of Car Parking

  • $8,500,000/$8,500,000

Property Description

Stonebridge Property Group, acting under instructions from Andrew Yeo and Lindsay Bainbridge of Pitcher Partners, in their capacity as Receivers and Managers, is pleased to present for sale 16 Lakeside Drive, Burwood East.

This commercial freehold, located in Melbourne’s premier suburban office precinct, Tally Ho Business Park, offers modern building improvements and an abundance of on-site car parking. The 2,314 sqm* Net Lettable Area (NLA) building is partially leased to two high-quality tenants providing appeal to both investors and occupiers.

The key highlights of the opportunity include:

– Two-level commercial freehold + basement with 2,314 sqm* Net Lettable Area

– 4,867 sqm* Commercial 1 Zone landholding in Melbourne’s Eastern Suburbs

– 110 on-site parking spaces (43 basement + 67 at grade parking bays)

– Partially leased building to two high-quality tenants + modern existing improvements

– Prime location in Tally Ho Business Park, surrounded by corporate and government tenants

– Proximity to major retail including Vermont South Shopping Centre (1.5 km*) and Burwood One Shopping Centre (1.25 km*)

– Renowned Glen Waverley and Box Hill dining and entertainment precincts nearby

– Proximity to tram line 75 (225 m*) and bus lines offer direct access to the Melbourne CBD and eastern suburbs

– Significant opportunity for value-add investors, owner-occupiers or special use buyers

– 3-star NABERS Energy Rating

To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Julian White
0422 764 137

Max Warren
0488 296 892

Chao Zhang 张超
0411 625 068

*Approximately

Property Code: 1281

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