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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+ 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

Current Tenant
Occupancy Type
Land Size
1,017 SQM
Building Area
522 SQM

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