SOLD
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SOLD

Queensland Government / Medical Investment

11/1-17 Hershel Court , Urraween QLD

Property Highlights

Secure lease and options to 2027
Potential depreciation benefits
Located in medical precinct
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Description

+ Secure Government lease with options through to 2027
+ Tenant pays all usual outgoings as per the lease
+ Queensland health in occupation since construction in 2018
+ Annual CPI rental review with ratchet clause
+ Large 422 sqm ground level tenancy with additional 40 sqm mezzanine storage
+ Capital outlay in excess of $1.5 million for modern office fit-out and fibre optic tunnel linking Madsen Medical and Hervey Bay Hospital
+ Net Income: $128, 466 pa* + GST

To be sold by Burgess Rawson Investment Portfolio Auction
Tuesday 3rd August 2021 at Yallamundi Rooms, Sydney Opera House

*approx

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government
Building Area
422 SQM

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