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Impressive Freehold Investment – 85% of Income Secured by ASX Listed CBA

86 Percy Street (corner Henty Street), Portland VIC

Property Highlights

CBA On-site for 23+ Years
Landlord Friendly Net Leases
46m Dual Street Frontage
Register to Bid

Description

+ CBA leased to February 2022 plus options to 2026
+ Natural Soy Creations leased to June 2022 plus option to 2024
+ CBA: Top 2 ASX listed company with $104b market cap (May 2020)
+ Natural Soy Creations: Retailer with a strong local customer base
+ Absolute prime CBD activity centre location amongst complimentary national retailers including Woolworths Supermarket, Australia Post, ANZ, Bendigo Bank & Westpac
+ Tenants pay all usual outgoings as per lease agreement
+ High profile 534 sqm corner building immaculately presented in CBA’s current layout and design
+ Important 46m dual street frontage
+ Portland: One of Australia’s busiest regional ports, handling 45% of VIC’s dry bulk cargo annually
+ Net Income: $73,005 pa + GST

For Sale by Auction
10.30am AEST Wednesday 24 June 2020
River Room, Crown Casino, Melbourne

To secure your place/seat at Crown, a bidder holding deposit of $1,000 will be required at least 2 days prior to the auction. If you wish to bid remotely, a holding deposit of $10,000, paid at least 2 days earlier than the 24th June, will be required to be deposited into our sales trust account. Should you be unsuccessful in securing a property, the full holding deposit will be returned within 48 hours. Please contact an agent to register.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Bank
Land Size
534 SQM
Building Area
534 SQM

Contact Agents

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