High yielding investment, securely leased to government tenant - Australia Post
Investment offering circa 7% return
Net rental of $124,533 p.a*
Tenant in occupation for over 25 years
Knight Frank is pleased to offer for sale this outstanding investment opportunity. Located within a busy mixed-use strata development, the property is securely leased to a government tenant, Australia Post. The property is currently utilized as a mail center, that services the Banyule municipality and surrounding areas.
Key benefits of this property include: Current net rental of $124,533 per annum plus GST Strong Government lease covenant to Australia Post Development potential (STCA) Building Area: 1,282 sqm (approx.) Situated in a high-profile main road location Ample on-site car parking
Situated on Grimshaw Street between Plenty and Greensborough Road the property is surrounded by a mixture of Retail, Light Industrial and Residential properties. Given the properties location, it enjoys excellent surrounding amenity and benefits from bus services along Grimshaw Street, providing connectivity to Greensborough and Watsonia Train Stations.
For further information or to arrange an inspection, please contact one of the listed agents below.
