Brand new Three (3) year lease to March 2024 plus options to 2033. Securely leased to Australia Post, national postal service provider fully owned by the Commonwealth of Australia. Important Australia Post distribution centre servicing all of East Gippsland. Fixed 2.5% annual rent increases assuring growth. Highly sought after 'essential service' investment. Two newly constructed industrial warehouses totalling 720sqm offering significant tax saving depreciation. Strategic 1,905sqm Industrial 1 Zone (IN1Z) site with easy access to Princes Highway. Situated in key commercial precinct nearby Bunnings, Mazda, Toyota, Ford, Repco and Tyrepower. Bairnsdale: Major commercial centre servicing East Gippsland region with 42,000+ trade catchment. Net Income: $65,795 pa + GST
To be sold by Investment Portfolio Auction: 10:30am AEST Tuesday 10 August 2021 Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.
