Victorian State Government Lease, Fixed 3.5% Increases

Lots 5B & 9-11/545 McDonalds Road, South Morang VIC

Property Highlights

Renewed 5 year net lease to 2026
Tenant pays all usual outgoings
Capital intensive fitout
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Description

+ Outstanding location within well established retail and office precinct.
+ Quality 863sqm premises with lift access and 28 Meter exposure to McDonalds Road.
+ Includes 146sqm vacancy with rental guarantee providing long term rental uplift.
+ Important 16 on-site car spaces.
+ McDonalds Road, 15,000 vehicles daily connecting Plenty Road to Westfield Plenty Valley Shopping Centre.
+ South Morang- Strategic metro location 24km north of Melbourne.
+ Estimated Net Rent: $185,615 pa + GST.

For Sale for by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021
Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government
Building Area
863 SQM

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