Brand New 5 Year Lease to Victorian Government
60 Reid Street, Wangaratta VIC
Property Highlights
Description
+ Secure Five (5) year Government Net lease to 31 January 2026 plus options through to 31 January 2036.
+ Fixed 3% annual rent increases with reviews to market on exercise of options.
+ Investor preferred Net lease terms with Government paying all usual outgoings including Land Tax.
+ Prime, central position in the heart of Reid Street.
+ 814 sqm Commercial 1 Zoned site.
+ Important six on-site car parks.
+ Prominent 1,262 sqm, two level GLA building totally refurbished in 2021 (circa $4.5m), potential for tax depreciation benefits.
+ Potential 50% stamp duty concession for commercial and industrial acquisitions in regional Victoria.
+ Wangaratta: large, progressive regional city and expansive secondary catchment population over 60,000.
+ Net Income: $355,000 pa + GST.
Auction Wednesday 23 June 2021
River Room, Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane
Property Details