SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Absolute Investment Trophy

49-53 Mitchell Street , BENDIGO VIC

Property Highlights

Recent Major Refurbishment
New 5 Year Net Lease
Westpac occupied since 1975

Description

New secure 5 + 5 year lease to 2025.
Annual fixed 3% increases.
Lessee pays all usual outgoings including land tax and insurance.
Westpac Limited: 2nd largest ASX listed company with a market cap rate of $99.65B (November 2015).
Commanding 825 sqm retail corner with dual frontage totaling 61 metres, plus 12 car spaces on title (roof top).
Modern refurbished 795 sqm building over two levels.
Central CBD position next to Officeworks, opposite NAB and amongst many national traders.
Substantial taxation saving depreciation.
Bendigo: Victoria’s largest inland city with population of 110,000 forecast to grow to 156,000 by 2036.
Rent: $193,138 pa

Auction 11am AEDT Wednesday 9 December
River Room, Crown Casino, Melbourne.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Bank
Land Size
825 SQM
Building Area
795 SQM

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