Brand New 7 Year Lease to Victorian Government
571-575 Raglan Parade (Princes Hwy), Warrnambool VIC
Property Highlights
Description
Under Instruction from KordaMentha – Agent for the Mortgagee in Possession
****Potential 50% Stamp Duty Saving****
+ Secure 7 year Government Net Lease plus 5 + 5 year options to 2038
+ Significant tenant refurbishment due for completion July 2021
+ Prime highway position next to McDonald’s close to KFC & Coles
+ 1,504 sqm* site with 28* metres frontage and on-site parking
+ Fixed 2% rent increases
+ 1,305 sqm* building with potential future tax depreciation benefits
+ Warrnambool: Victoria’s largest coastal city (outside Port Phillip Bay) with a growing trade catchment circa 100,000 approx.
+ Net Income: $287,100 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
*approx
Property Details