CBRE is pleased to offer to the market Tyler Tippings & Woods located at 190 Franklin Street, Traralgon VIC, for sale by Private Treaty. This investment has the following key highlights:
+ Three (3) year net lease to Tyler Tipping & Woods to September 2026.
+ One (1) further three (3) year option to 2029.
+ Tyler Tipping & Woods: long established and successful legal firm in operation 50+ years across Gippsland and Regional Victoria. (1)
+ Fixed 3% annual rent increases, ensuring income growth.
+ Investor preferred net lease terms with the tenant responsible for all usual outgoings as per the lease.
+ Well presented two-level 292sqm* refurbished building.
+ Strategic 256sqm* main road freehold ACZ site with extensive 36-metre dual street frontage.
+ High profile Franklin Street & Grey Street corner landholding with 11,400+ vehicles passing daily. (2)
+ Prominent city centre location enveloped by the Coles and Kmart anchored Traralgon Centre Plaza Shopping Centre.
+ Absolute CBD location with Woolworths, JB-Hi Fi, Best & Less and Dan Murphys all within 500m.*
+ Potential 50% stamp duty saving.
+ Traralgon: retail & commercial capital of the Latrobe Valley servicing a trade catchment of 126,800+ people. (3)
+ Net Income: $55,430 pa* + GST. For Sale by Private Treaty. * Approx (1) Tyler Tipping & Woods (2) GapMaps (3) Latrobe City Council