Long 10 Year Leases to Schnitz & Government | Recent $1m+ Tenant Funded Upgrades
124-126 Fryers Street , Shepparton VIC
Property Highlights
Description
+100% leased to Fast Food & Government tenants
+Long 10 year lease to Schnitz to 2028 plus options to 2042
+Schnitz: fast-food retailer with over 71 stores nationwide*
+Secure 10 year lease to Beyond Housing to 2029 plus options to 2039
+Beyond Housing: government funded agency providing affordable housing and homelessness services
+Investor preferred net lease terms with tenants paying all usual outgoings
+Fixed 3% annual rental increases assuring growth
+Immaculate 786sqm*** building with recent $1m+ tenant funded upgrades offering significant depreciation benefits
+Prime 848sqm*** site with dual street frontage
+Strategically positioned amongst Village Cinemas, Target, GOTAFE & OZ Tenpin Bowling
+Potential 50% stamp duty savings
+Shepparton: major regional city with 100,000+ trade catchment
+Net Income: $159,905pa + GST (as at November 2022)
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 3 August 2022
Crown Casino – River Room
*GapMaps
**Beyondhousing
***Approx
Property Details