The strong appetite for car dealership assets is expected to generate a high level of interest for an automotive dealership that is about to hit the market.

Chadstone Toyota occupies 5,577sqm of Commercial 1 Zone land, is just 13 kilometres from Melbourne’s CBD and is in direct proximity to Chadstone Shopping Centre.

CBRE’s Nathan Mufale, Scott Hawthorne, David Minty and JJ Heng are marketing the property via an international expressions of interest process.

The listing follows several high profile car dealerships transacting in the last 12 months, as developers turn their focus to the asset class in desirable suburban locations, including the sale of Preston Toyota, Mercedes Benz Toorak and Chadstone Ford & Hyundai.

“We’re expecting interest from major developers in Australia and overseas. The site’s multiple street frontages, proximity Chadstone Shopping Centre and strong holding income from a blue-chip tenant all bode well for the future development upside” said Mr Mufale.

Occupying a strategic section of Dandenong Road, the site benefits from a prominent 85 metre* street frontage to Dandenong Road and 31 metres* of frontage to Dalgety Street.

“The zoning provides for several higher order uses. We’re fielding strong early interest from private & institutional residential developers and build-to-rent operators” said Mr Minty.

The location is well serviced by surrounding amenity, including the Dandenong Road retail strip, Chadstone Shopping Centre located only 1km away, various recreational reserves and a variety of primary, secondary, and tertiary educational institutions.

The International Expressions of Interest sale campaign is due to close in August 2022.

To request a copy of the Information Memorandum please contact one of the CBRE marketing agents, Nathan Mufale, Scott Hawthorne, David Minty and JJ Heng via the contact details below. 

Below: Recent car dealership transactions [source CBRE]