Rare 5,075sqm* Landholding Between Bunnings Warehouse and Highway
82-88 Benalla Road, Shepparton VIC
Property Highlights
Description
Burgess Rawson and Gagliardi Scott Real Estate are pleased to offer to the market, 82-88 Benalla Road (Midland Highway), Shepparton VIC via our National Investment Portfolio 160.
The property has the following investment highlights:
+ 100% occupied investment with strong occupancy history.
+ 4 retail showrooms on one title totalling 2,183sqm* anchored by Coventry Group Ltd (ASX:CYG).
+ Investor preferred net lease terms with tenants paying all usual outgoings as per leases.
+ Desirable annual CPI rent reviews.
+ Very low rent per/sqm providing for significant future rental uplift.
+ Property will be sold well below replacement cost.
+ Huge 5,075sqm* ACZ1 freehold landholding with 80 metre* highway exposure.
+ Significant future re-development/ subdivision upside (STCA).
+ High profile Midland Highway site with 22,220 vehicles passing daily. (1)
+ Irreplaceable retail position directly adjoining 19,500sqm* large format Bunnings Warehouse store.
+ Prime location amongst Shepparton Marketplace, The Good Guys, Anaconda, RSEA, Repco and Supecheap Auto.
+ First time offered in over 34 years.
+ Potential 50% stamp duty saving.
+ Shepparton: major regional city with a 100,000 + trade catchment.
+ Net Income: $183,179pa* + GST
For sale by Expression of Interest
Closing 4:00pm (AEST) 11th May 2023
*Approx
1. GapMaps
Property Details