Long 8.7 Year WALE to ASX Listed Cleanaway | Primary North-Central Region Hub
73 Old Dookie Road, Shepparton VIC
Property Highlights
Description
Burgess Rawson and Gagliardi Scott Real Estate are pleased to offer to the market 73 Old Dookie Road, Shepparton VIC for sale via National Expressions of Interest as part of our Portfolio Campaign 167.
The property has the following key highlights:
+ Longstanding tenant Cleanaway on-site 22 years.
+ Long Twelve (12) year lease to November 2032 plus options to 2044.
+ Cleanaway: ASX listed with market cap of $5.79B*, Australia’s largest waste & recycling service with 250+ locations.
+ Investor preferred net lease terms with Cleanaway paying all outgoings including land tax and insurances.
+ Fixed 3% annual rent increases assuring income growth.
+ Cleanaway’s primary processing and distribution hub in the north-central region, supplemented by 4 subsidiary locations.
+ Recent $2 million*+ capital upgrades providing significant depreciation benefits.
+ Substantial improvements totaling 5,786sqm* incl 3 warehouses, four bay workshop, covered truck wash and head office facilities plus weigh bridge.
+ Huge 16,650sqm* freehold Industrial 1 Zone (I1Z) landholding with 71 metre* frontage to Old Dookie Road.
+ Prime for distribution, with Old Dookie Road providing easy access to both Shepparton Alternate Route and Goulburn Valley bypass.
+ Desirable position in absolute heart of Shepparton’s premier industrial precinct.
+ Shepparton: major regional city with a 160,000+ trade catchment.
+ Potential 50% stamp duty saving.
+ Net Income: $412,589pa* + GST (as at July 2024)
For Sale via Expressions of Interest:
Closing 3:00pm (AEST) Wednesday 10 April 2024
*Approx
Property Details