Renewed Lease to ASX Listed CBA - Immaculate Building Constructed 2015


Burgess Rawson and Gross Waddell ICR are pleased to offer to the market, Commonwealth Bank, Shepparton VIC for sale via Investment Portfolio Auction 156.

The property has the following investment highlights:

+ Renewed Three (3) year lease to December 2025 plus options to 2034.
+ Commonwealth Bank: ASX top 2 listed company with current $164 Billion market cap.
+ Rare fixed 4% annual rent increases assuring growth.
+ CBA pay all usual outgoings including single holding land tax as per lease.
+ As new 551sqm* purpose built two-level branch with lift constructed 2015.
+ Significant potential depreciation benefits with 51% of first years rent potentially tax free.
+ Key regional branch servicing large catchment with retail & business banking.
+ Prime 482sqm* site with important 7 on-title car spaces and side lane access.
+ High profile High Street (Midland Highway) position with 22,200* vehicles passing daily.
+ Absolute CBD location nearby NAB, $73m Shepparton Law Courts, Coles, Kmart, Target and Village Cinemas.
+ Potential 50% stamp duty savings.
+ Shepparton: major regional city with a 100,000 plus trade catchment.
+ Net Income: $227,757pa* plus GST (as at December 2022)

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 26th October 2022
Crown Casino, Melbourne

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Contact agents
Beau Coulter Partner
0413 839 898
Shaun Venables Partner
0411 860 865
Enquiry Form

Shepparton, VIC

39-41 High Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 156

Contact agents