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Important Regional Centrelink Service Centre – Constructed 2012/13

258-264 Gray Street, Hamilton VIC

Property Highlights

100% leased to Fed/State Govts
Significant depreciation benefits
Fixed 4% & 3% annual increases

Description

+ Federal Government (Centrelink): 10 year lease plus options to 2029.
+ State Government (Department of Health & Human Services): 10 year lease plus options to 2033.
+ Generous fixed 4% (Federal Gov) & 3% (State Gov) annual rent reviews assuring growth.
+ As new 1,370 sqm office building including lift constructed 2012/13.
+ Significant depreciation benefits.
+ Irreplaceable 2,987 sqm Commercial 1 Zoned site with important 41 metre frontage to Gray Street.
+ 41 carparks on title (12 undercover)- access via Sedgewick Street.
+ Prime CBD location nearby Coles, Woolworths, ALDI, McDonalds, KFC, Harvey Norman, Target & Cheap as Chips.
+ 4.5 star NABERS rating.
+ Hamilton: Important commercial service centre servicing a trade catchment of 30,000+.
+ Estimated NET Income: $591,961pa + GST (as at April 2020).

For Sale by Private Treaty

Co Agent:
Graeme Linke
LMB Linke

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government
Land Size
2,987 SQM
Building Area
1,370 SQM

Contact Agents

Beau Coulter

0413 839 898

Contact Me

Raoul Holderhead

0413 860 304

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