High 8.5% Yielding 3,170sqm* CBD Freehold Building
38-40 High Street, Wodonga VIC
Property Highlights
Description
Burgess Rawson and Dixon Commercial Real Estate are pleased to offer to the market 38-40 High Street (corner Huon Street), Wodonga VIC for sale via Expressions of Interest as part of our Portfolio Campaign 165.
The property has the following key highlights:
+ Commanding 3,811sqm* two level freehold building incorporating lift.
+ Diverse income streams from government, medical, corporate, retail and health & fitness fields.
+ Anchored by VIC Gov Dept of Education with recent $400k tenant funded fit-out upgrade.
+ 20 Immaculate corporate office suites on level 1 with reception, boardroom and kitchen.
+ Fixed 3% annual rent increases and annual CPI reviews.
+ Important 41 secure on-title car spaces including 16 undercover car spaces.
+ Significant 2,811sqm* corner site across two titles with huge 107 metre* combined street frontage.
+ High profile CBD position on busy High Street with 24,000 vehicles passing daily. **
+ Ultimate flexibility with future redevelopment/subdivision upside STCA.
+ Wodonga: robust economy with low vacancy rates and house prices up 40% since April 2021. ***
+ Potential 50% stamp duty saving.
+ Net Income: $595,486pa* + GST (as at 1 March 2024)
For Sale via Expressions of Interest:
Closing 3:00pm (AEDT) Thursday 7 December 2023
*Approx
**GapMaps
***Realestate.com.au
Burgess Rawson Agents
Beau Coulter – 0413 839 898
Justin Kramersh – 0460 349 605
Sam Mercuri – 0413 830 709
Dixon Commercial Agents
Andrew Dixon – 0417 516 531
Oscar Dixon – 0408 212 299
Property Details