Secure 16 Year Govt Lease, 3.5% Increases – Prime Location Opposite Woolworths

65 Duchess Street, Busselton WA

Property Highlights

Federal Government Security
16 Year Lease + Options to 2034
Substantial Depreciation Benefits
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Description

+ Secure Sixteen (16) year lease to May 2026 plus Two (2) further Four (4) year options to May 2034
+ Only Centrelink within a 40km radius
+ Centrelink: Essential service Federal Government welfare department
+ Prime location amongst national tenants – directly opposite a Woolworths
+ Fixed 3.5% annual rent increases ensuring rental growth
+ 522sqm building constructed in 2010 – offering substantial depreciation benefits
+ Super 1,017 sqm CBD site with important on-site parking
+ Busselton: Gateway to Margaret River region, servicing 39,000+ trade catchment
+ Net Income: $264,713 pa + GST

For Sale by Investment Portfolio Auction
11AM (AEST) Thursday 30 September 2021

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government
Land Size
1,017 SQM
Building Area
522 SQM

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