CBRE 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