CBRE is pleased to offer to the market 103-109 Bridge Street East, Benalla VIC for sale by Expressions of Interest with offers closing by 3pm on Thursday 15th October :

+ Renewed Lease to Smith Dosser Accounting & Financial Advisory Firm to July 2030 with three (3) further options to 2039.

+ Smith Dosser, locally owned accounting and business advisory firm with substantial local history, established in 1962, and in its current Bridge Street East location since 1975; providing a broad range of services including accounting, taxation, business advisory, financial reporting, audit support, self-managed superannuation fund (SMSF) services, and management accounting.

+ Renewed Lease to Strictly Feet Podiatry and Specialist Shoe Store, in occupation since 2013, potential short to medium term rental uplift.

+ Strictly Feet, a locally owned podiatry and footwear business registered in 2013, providing professional foot care services and specialised shoe retail offering.

+ Annual 3% rent increases ensuring income growth.

+ Tenants pay usual outgoings.

+ Premium 674sqm office/ retail buildings with on title rear parking ; Smith Dosser 476sqm, Strictly Feet 198sqm, plus Shed 20sqm

+ Substantial 862sqm* freehold with rear on-title parking and premium Commercial 1 Zoning.

+ Potential 50% Stamp Duty Savings.

+ Benalla: Thriving regional city strategically located on the Hume Freeway between Melbourne and Albury-Wodonga servicing a catchment population in excess of 30,000*.

+ Benalla offers key public infrastructure including La Trobe University, Benalla Airport, Benalla Hospital, Goulburn Ovens Institute of TAFE and numerous recreational and cultural opportunities including the Winton Motor Raceway, Aquatic Centre, Indoor Recreation Centre, Regional Art Gallery and the Performing Arts and Convention Centre.

+The Rural City of Benalla supports 6,243 jobs and has an annual economic output of $2.33 billion, of which 23.64% is generated from the construction industry sector, accounting for $559 million.

+ Net income $120,646pa* + GST.

+ Guiding $1,600,000 (7.5% Yield)

For further information please contact:

Shaun Venables – 0411 860 865
Rachael Fabbro – 0412 547 690
George Wilkinson – 0439 173 049