1467 Ferntree Gully Road, Scoresby, VIC, 3180

Property Description

In December 2023, the Trust reached agreement with Bunnings to extend the lease at Scoresby, Victoria. The new lease will commence on completion of works at the property, with $1.4 million of works undertaken by the Trust. The parties have agreed to a new 10-year lease with three, five-year options exercisable by Bunnings. The property is situated on the northern side of Ferntree Gully Road, approximately one kilometre west of its intersection with Stud Road, approximately 26 kilometres southeast of the Melbourne central business district. Ferntree Gully Road is a main arterial road that connects the south-eastern Freeway and the Princes Highway. Stud Road is a north-south arterial which provides access between Dandenong in the south and Wantirna in the north. Industrial properties such as Amcor Fibre packaging and Unifoods are nearby, as are other significant industrial land uses to the east and west of the property. Otherwise, the surrounding area is predominantly residential. In June 2012, a store upgrade was complete at a cost of $6.9 million to the Trust which resulted in a $552,000 increase in the rental and a new 10 year lease.

Land area

34,270 m²

The total GLA/retail area

12,515 m²

Bunnings lease commencement date


Total Property Cost


Current valuation


Annual Rent


Property Location

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