Renewed Lease to VicRoads – Essential Service State Government Department
24-30 Riley Street, Hamilton VIC
Property Highlights
Vicroads On-site for Circa 30 Years
Tenant pays Outgoings
Fixed 3% Annual Rent Increases
Description
+ Renewed 3 year lease to Feb 2023 plus options to 2025
+ VicRoads pay all usual outgoings including building insurance
+ VicRoads: Essential service Victorian State Government transport department
+ Purpose built and well maintained 249 sqm building including vehicle inspection bay
+ Fixed 3% annual rent increases assuring growth
+ Significant 3,118 sqm landholding with valuable 30 car parks on-title
+ Hamilton: Important commercial centre, servicing 30,000+ trade catchment
+ Net Income: $41,148 pa + GST (as at 28 February 2021)
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 9 December
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government
Land Size
3,118 SQM
Building Area
249 SQM