Renewed 7 Year Net Lease To Commonwealth Of Australia

level 1/553-555 smollett street, albury nsw

Price on Request

  • Rare Government Net Lease Terms
  • 5.5 Star Nabers Rating
  • Circa $500k Tenant Refurbishment

Property Details

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

Featured Details

Current Tenant Tenanted
Gross Building Area 1208 sqm
Land Size 1,208 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC002519

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E reception@burgessrawson.com.au

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