Desane Expands Portfolio with Central Leichhardt Property Acquisition

Desane Properties Pty Ltd (ASX: DGH), a subsidiary of Desane Group Holdings Limited, has finalized the purchase of a prominent retail and commercial property in Leichhardt's central business district. Valued at $3.5 million, the 436m² property boasts a favorable zoning for local center use with potential for development. Situated near bus routes and Petersham Train Station, it enjoys easy accessibility. The area's vibrant culinary and retail scene adds value to the investment.

This acquisition aligns with Desane's strategy to enhance its inner-west Sydney portfolio, capitalize on CGT rollover deferral, and tap into future rental income and development opportunities. With potential planning reviews by the Inner West Council, the property stands poised to benefit from any future uplift decisions. Currently tenanted, it presents a promising addition to Desane's unencumbered assets.

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