Brand New 5 Year Lease to Victorian Government


+ Secure Five (5) year Government Net lease to 31 January 2026 plus options through to 31 January 2036.
+ Fixed 3% annual rent increases with reviews to market on exercise of options.
+ Investor preferred Net lease terms with Government paying all usual outgoings including Land Tax.
+ Prime, central position in the heart of Reid Street.
+ 814 sqm Commercial 1 Zoned site.
+ Important six on-site car parks.
+ Prominent 1,262 sqm, two level GLA building totally refurbished in 2021 (circa $4.5m), potential for tax depreciation benefits.
+ Potential 50% stamp duty concession for commercial and industrial acquisitions in regional Victoria.
+ Wangaratta: large, progressive regional city and expansive secondary catchment population over 60,000.
+ Net Income: $355,000 pa + GST.

Auction Wednesday 23 June 2021
River Room, Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

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Contact agents
Raoul Holderhead Partner
0413 860 304
Beau Coulter Partner
0413 839 898
Enquiry Form

Wangaratta, VIC

60 Reid Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 145

Contact agents