Property Highlights:
- Triple Net Lease, Including Land Tax
- Prime Hwy Location Next to McDonald's
- Total Refurbishment Complete July 2021
Description:
Under Instruction from KordaMentha Agent for the Mortgagee in Possession
****Potential 50% Stamp Duty Saving****
+ Secure 7 year Government Net Lease plus 5 + 5 year options to 2038
+ Significant tenant refurbishment due for completion July 2021
+ Prime highway position next to McDonalds close to KFC & Coles
+ 1,504 sqm* site with 28* metres frontage and on-site parking
+ Fixed 2% rent increases
+ 1,305 sqm* building with potential future tax depreciation benefits
+ Warrnambool: Victorias largest coastal city (outside Port Phillip Bay) with a growing trade catchment circa 100,000 approx.
+ Net Income: $287,100 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
*approx
Property Details
Listing: Sale
Current Tenant: Tenanted
Occupancy Type: Government
Land Size: 1,504 SQM
Building Area: 1,305 SQM
Please call Mark Wilson 0408 529 275 or email mark@wilsonswarrnambool.com.au
In conjunction with Burgess Rawson - Raoul Holderhead 0413 860 304
