Renewed Lease to Australian Postal Corporation

Brand new 3 year lease to November 2020 plus options to 2026
Leased to Australian Postal Corporation, fully owned by the Commonwealth of Australia
Fixed annual increases to 3% providing guaranteed growth
Tenant pays all usual outgoings
Principally modern building of 454 sqm with capital intensive tenant fit-out
Premium Activity Centre Zone allowing excellent future redevelopment (STCA)
Substantial 544 sqm landholding over 2 titles in the heart of the CBD
4 car parking spaces on-title
Single tenant minimum management investment
Shepparton: major regional city servicing north central Victoria, catchment of 100,000+, only 2 hours drive from Melbourne
Rent: $90,000 pa