Renewed 4 Year Lease | $1.5 Million Tenant Funded Upgrade
261-267 Wyndham Street, Shepparton VIC
Property Highlights
Description
Burgess Rawson in conjunction with Gagliardi Scott Real Estate are pleased to offer to the market ANZ, 261-267 Wyndham Street (corner Fryers Street), Shepparton VIC for sale via our Investment Portfolio Auction 166.
This investment has the following key highlights:
+ Renewed Four (4) year lease to August 2027 plus option to 2031.
+ ANZ: ASX top 7 banking giant with current market cap of $77.41B*.
+ Investor preferred net lease terms with ANZ paying all usual outgoings including land tax.
+ Fixed 3% annual rent increases with important lease provision ensuring rent cannot reduce at market review.
+ Modern 587sqm* freestanding building with recent $1.5 million* tenant funded upgrade.
+ Important ANZ bank incorporating retail branch and business banking facility.
+ Services large trade catchment, only ANZ branch within 100km* or 1 hour drive*.
+ Prime 617sqm* freehold corner site with significant 38 metre* frontage to Fryers Street.
+ High profile Goulburn Valley Highway position with 29,000* VPD. (1)
+ Potential 50% stamp duty saving.
+ Shepparton: major regional city with a 140,000+ trade catchment.
+ Net Income: $177,190pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 21 February 2024
Crown Casino, Melbourne
*Approx
1. GapMaps
Property Details
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