Vision Australia/10-22 Channel Road Shepparton VIC 3630

Other
1 m²
Sold

"Unique investment & development opportunity"

- 2.54 Hectares of Land* (25,095 m2 *)
- Total of 34 residential units on site
- Education Centre/office Complex 755.8 m2* currently Leased to the minister of Education
- Smaller Office Building/Hall 150.7 m2* Currently Leased to Minister of Education
- 46 carparks onsite
- Potential to subdivide & develop into more housing lots or unit sites.**
- Ideal for medical Clinic / Child care centre**
- 10 Units total rent = $76,960 PA
- Community building leased to Minster of Education = $60,000 PA
- Total current income- $136,960*
- Zoned General Residential
- Only 5 minutes from Shepparton CBD
- The peppercorn leased buildings & Land area have a current value of $3 mil * (Value is agents opinion only & only provided a guide only)
- The title owner in 2043 will inherent the 24 constructed dwellings once peppercorn lease expires.

*Approx only
** STCA