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Renewed 5 Year Lease to the Victorian State Government

71 Blake Street , Nathalia VIC

Property Highlights

5 Year lease to 2027 plus option
Large 1,215sqm* freehold site
Fixed 3% rent increases

Description

+Renewed 5-year lease to April 2027 plus option to Parks Victoria.
+Parks Victoria: Statutory Authority of the Victorian State Government reporting to the Minister for Environment and Climate Change
+Fixed annual 3% rent increases ensuring income growth.
+Lessee pays all usual outgoings including Land Tax.
+Large 1,215m2* freehold landholding with premium Commercial 1 zoning.
+Extensive 22 metre frontage and exposure to busy Blake Street.
+Modern (2007) 408m2* purpose built facility incorporating Parks Victoria and the CFA and DEPI emergency command centre.
+10 sealed and lined spaces on title.
+Potential 50% Stamp Duty Savings.
+Nathalia: Commercial centre, central with the Moira Shire Council with numerous industry drivers including agriculture, horticulture, food manufacturing, commercial manufacturing, and transport.
+Nathalia: Headquarters servicing the internationally acclaimed 60,000ha* Barmah National Park, the world’s largest redgum forest and listed as a Ramsar (UNESCO) site of international significance.
+Rent: $100,000 pa* + GST.

* Approx

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino – River Room

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government
Land Size
1,215 SQM
Building Area
408 SQM

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