Strategic Social Infrastructure Investment | Essential Service Tenant
19 Stanley Street, Wodonga VIC
Property Highlights
Description
Burgess Rawson and Dixon Commercial Real Estate are pleased to offer to market a new Government facility in Wodonga VIC for sale via our Investment Auction Portfolio 160.
The property has the following investment highlights:
Secure 5 + 5 year lease to a government-funded tenant with revenue up 42% in 2022.
Fixed 3% annual rent increases assuring growth.
Essential service tenant, 99% government funded.
Versatile 578sqm* ground floor premises with 27 metre* frontage and brand new tenant funded $800,000 fit-out.
Significant tax saving depreciation benefits, with 40% of first years rent potentially tax free. (1)
Central business district location within 500 metres of Coles, Woolworths, ALDI and Kmart.
Potential 50% stamp duty saving.
Wodonga: robust local economy with low vacancy rates and house prices up 40% since April 2021. (1)
Net income: $154,023pa* + GST
To be sold by Investment Portfolio Auction
10:30am (AEST) Wednesday 10 May 2023
Crown Casino, Melbourne
*Approx.
1. J Mathew Advisory
2. realestate.com.au
Property Details