Blue Chip Freehold Investment Leased to Commonwealth Bank

39-41 high street, shepparton vic

Price on Request

  • Secure 7 Year Lease
  • 550sqm Building, 100% occupied by CBA
  • Recent amalgamation of 2 Branches

Property Details

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

Featured Details

Current Tenant Tenanted
Gross Building Area 550 sqm
Land Size 482 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC002510

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E reception@burgessrawson.com.au

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