Renewed 7 Year Net Lease To Commonwealth Of Australia

Renewed lease to Commonwealth of Australia to February 2025 plus options.
Rare government net lease terms & fixed annual 3% rental increases.
Immaculately presented 1,208 sqm open plan office including 17 secure car parking spaces on-title.
Circa $500k tenant investment for infrastructure and fit-out refurbishment.
Within professional office precinct, opposite West End Plaza (Coles, Kmart & 45 other retailers), metres to brand new Mantra Hotel and ATO building.
5.5 Star Nabers Energy Rating – One of just four buildings in Albury with 4.5 Star Rating or above (minimum standard for government tenants).
Versatile floor plate with long term future subdivision potential for residential or office (STCA).
Albury/Wodonga: strategically located Murray River twin-cities. Recognised together as one of Australia’s largest and progressive regional centres, servicing a population in excess of 170,000.
Rent: $385,778 pa (February 2019)

Auction 11am AEDT Wednesday 24 October 2018
River Room, Crown Casino, Melbourne