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Challenger National HQ Since 1984

5-7 Glenn Street , Shepparton VIC

Property Highlights

Brand new 5-year lease
Tenant pays outgoings
Recent tenant upgrade

Description

+ Brand new 5-year lease to June 2026 plus options to 2036.
+ Challenger Valves & Actuators: in operation since 1984 with 5 locations across Australia.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per lease.
+ Fixed 2.5% annual rent reviews.
+ 3,335sqm* head office incorporates office, warehouse and hardstand. Recent $150k tenant funded upgrade.
+ Significant 5,657sqm* site across 4 titles with important 22 on-title car spaces.
+ Situated in key industrial precinct nearby Izuzu, SPC, StarTrack & Shepparton Saleyards.
+ Shepparton: major regional city with a 100,000+ trade catchment.
+ Net Income: $206,270 pa + GST

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
5,657 SQM
Building Area
3,335 SQM

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