Long-Standing Tenant On-Site for 24+ Years | Prime Freehold in Tightly Held Office Precinct

Description

+Renewed Three (3) year lease to July 2024 plus options to 2030
+Stubbs Wallace: long-established & successful accounting firm with 125+ year history
+Investor preferred net lease terms with the tenant paying all usual outgoings
+Favourable annual CPI rent reviews
+Well-presented 569sqm* freehold office building with 2 secure basement car parks
+Prime 990sqm* site across two titles with 7 sealed and lined car parks and ROW access
+Desirable position in tightly held legal & office precinct nearby $73m Shepparton Law Courts & DHHS
+Potential 50% stamp duty savings
+Shepparton: major regional city with 100,000+ trade catchment
+Net Income: $121,518pa* + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 3 August 2022
Crown Casino – River Room

*approx.

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Contact agents
Beau Coulter Senior Director
0413 839 898
Shaun Venables Senior Director
0411 860 865
James Bergman Leasing Executive
0413 830 707
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Shepparton, VIC

158a & 160 Welsford Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 154

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