This solid brick lakeside building was purpose built in the year 2000 for government tenants - Centrelink / Medicare.
Currently bound to a 3+3+3 year lease , the building is split into two separate suites & offers:
- Net return approx. $300k p.a.
- Federal government lease to Dept of Human Services.
- Vacant suite of 538m2 with (12) secure car parks
- Potential net return of $420k p.a when fully let
A great opportunity exists here to acquire a government building with a vacant portion that may suit owner occupiers - in particular medical practitioners as suite 2 includes (12) car parks.
Investors looking to lease the vacant suite have potential to increase the annual rental income to over $400k per annum.
A solid, well built property in the heart of one of Lake Macquaries busiest economies.
