Blue Chip Freehold Investment Leased to Commonwealth Bank

Fully leased to CBA for 7 years to 2022 plus options to 2042.
Fixed 4% increases.
Commonwealth Bank: One of the largest listed companies on the Australian Securities Exchange with a market cap rate of $143 billion (September 2018).
CBA pays all usual outgoings including land tax.
Recently built in 2015 offering significant depreciation benefits with ultra modern capital intensive retail fit-out.
Substantial 482 sqm CBD site with 13 metre retail frontage and on-site car parking for 7 cars.
Attractive Activity Centre Zoning under the City of Greater Shepparton Planning Scheme.
Absolute prime CBD activity centre location, amongst complimentary retailers and diagonally opposite the $73m law courts opened in May 2018.
Shepparton: major regional city servicing north central Victoria, catchment of 100,000+, only 2 hours drive from Melbourne.
Rent: $202,475 pa

Auction 11am AEDT Wednesday 24 October 2018
River Room, Crown Casino, Melbourne