For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021
Crown Casino, Melbourne
- Long Term Leases plus Options
- Recent $2.5m major upgrade
- Aust Post On-site for 25+ years
****50% Stamp Duty Saving****
+ Renewed Five (5) year lease to 2024 plus option to Australia Post, on-site for 25+ years.
+ Brand new Five (5) lease to 2026 plus option to Millson Business Centre, providing short to long term leases for private office space -over 90% occupancy.
+ Tenants pays all usual outgoings (Australia Post Pays 50% Single Holding Land Tax).
+ Irreplaceable 1,094sqm Commercial 1 Zone (C1Z) site with rare triple street frontage totaling 110 metres and significant development upside (STCA).
+ Commanding 1,216sqm two level building including ground level retail and first floor office space with important rear loading dock and 8 car parks on-title.
+ Key Australia Post site servicing large area including retail store, 1,500 PO Boxes & 24/7 parcel lockers.
+ Circa $2.5 million total building refurbishment works since 2016. Including $1.5 million Australia Post funded upgrade in 2016 offering significant depreciation benefits.
+ Premium location in absolute heart of Bendigo's CBD with $300 million + in development in the immediate location, including $60 million TAFE redevelopment, $90 million Gov Hub with an estimated 1,000 employees and the brand new $160 million Law Court development.
+ City of Greater Bendigo: Victoria's largest inland city with population forecast to grow to over 155,000 by 2036.
+ Estimated Combined Net Rent: $321,199 pa + GST.
For more information, please contact DCK agent Matt Bowles on 0418 569 380 or Burgess Rawson agent Jamie Perlinger on 0413 860 315 and Beau Coulter on 0413 839 898.
