Harmony Armadale

Building type/sector: Office

Investor return:
8.5% pa distribution

615 Dandenong Road, Armadale is a high quality office building located approximately 10 kilometres south-east of the Melbourne CBD.  The building is well positioned and located within 250m of Malvern Railway Station, with ample retail amenity in walking distance along Glenferrie Road, including Malvern Central Shopping Centre which is anchored by David Jones.

The subject property comprises a three level, modern office building constructed to a high standard, with three floors of office accommodation offering circa 3,000 square metres of lettable area and two below ground levels of basement car parking for 79 cars.  The site area is approximately 1,399 square metres.

 

 

 

The property is fully leased to three tenants including ASX listed Regis Aged Care, LZR Group Accounting and Cardio Vascular Services (CVS).

615 Dandenong Road, Armadale, VIC

Building/Sector Type: Office

Acquisition Date: June 2014
Purchase Price: $13.5 million