Investment
Status

Sold

Sale
Price

$32.5M

Date of
Sale

Dec '17

Day One
Distribution

9.00%

Internal Rate
of Return*

11.28%

Cash Return
(per $1)

$1.16

 
Term

1yr 7 mths

About Sentinel Dandenong Homemaker Trust


Home Quarter Dandenong comprises a retail homemaker centre with a total lettable area of approximately 12,052sqm (constructed in 2012) with 268 car spaces (1:46 sq m).

The subject property is located within the Victorian suburb of Dandenong, approximately 38 kilometres South East of the Melbourne CBD, in an established homemaker precinct. Located on the corner of Dandenong-Frankston Road and Dandenong Bypass, the centre benefits from exposure to approximately 54,000 cars per day (CBRE, 2016) and has potential to amend the current zoning to Commercial Zone 2 allowing for greater retail and commercial activities on the site.

* Internal Rate of Return validity and verification performed by Grant Thornton.

Location


Sentinel Dandenong Homemaker Trust

55-67 Frankston - Dandenong Road, Dandenong South VIC 3175

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