New VIC Government Office | New 8 Year Lease plus Options to 2040

Burgess Rawson is pleased to offer to the market the Office of Sheena Watt MP, Brunswick VIC for sale via private treaty.

This opportunity has the following key investment highlights

+ New 8 year lease to Victorian Government to 2030 plus options through to 2040
+ Office of Sheena Watt MP – sitting member of the Victorian Legislative Council
+ Desirable fixed 3% annual increases, ensuring future rental growth.
+ Immaculately presented 148sqm* ground floor premises.
+ Brand new development with $400,000 approx capital intensive office fit out.
+ New build, providing significant tax depreciation benefits.
+ Includes 2 car spaces on title.
+ Dual retail frontage of 26+ metres including north side frontage to Wilson Avenue.
+ Central position within high density inner city locale, only metres from Sydney Road and surrounded by public transport, retail and amenities.
+ Close proximity to Barkly Square Shopping Centre anchored by Woolworths, Coles, Kmart, McDonalds & JB Hi-Fi.
+ Short 40 metre walk to Jewell Train Station.
+ Brunswick: in demand, city fringe growth suburb with a median house price growth of 21% since January 2021 and less than 3.5km from the Melbourne CBD**
+ Net Rent $78,500pa + GST (as at December 2023)

For sale via private treaty

*approx.
**realestate.com.au