Affordable Entry Level CBD Freehold – Circa 8.5% Yield Anticipated
277 Wyndam Street, Shepparton VIC
Property Highlights
New 5 + 3 + 3 + 3 year lease to 2031
Tenant pays usual outgoings
Rent: $67,500 pa
Description
New 5 + 3 + 3 + 3 year lease to 2031
Carisma: clothing retail store operating for 15+ years
Annual rent reviews
Tenant pays all usual outgoings including insurance
Well maintained two level building of 414 sqm, 7.5m of retail frontage
Strategic CBD location opposite Aust Post, neighbouring ANZ & within Shepparton’s retail, financial & legal precinct
Significant ‘Activity Centre Zone’ landholding of approximately 230 sqm
Single tenant minimum management investment
Shepparton: major regional city servicing north central Victoria, catchment of 100,000+, only 2 hours drive from Melbourne
Rent: $67,500 pa
Auction 11am AEST Wednesday 5 April 2017
River Room, Crown Casino, Melbourne
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
230 SQM
Building Area
414 SQM