The subject property represents an A-grade building built in 2006 as a Centrelink branch and now a full Medicare branch. Securely leased to the Australian Government on a new lease commenced March 2013.
The building comprises approximately 940sqm net lettable area on one level with significant basement parking for 36 vehicles, accessed via security roller shutter entrance at the rear. The Government expanded the use by incorporating the Medicare offices with Centrelink in 2012.
Approximately $256,209 net income p.a. Land area is approximately 1,436sqm with future multi storey re-development potential to approximately 7 storeys (subject to council approval).
