SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Entry Level Freehold Investment with Upside

123-127 High Street, Kangaroo Flat VIC

Property Highlights

Brand new 5 year lease to 2025
Fixed 5% annual increases
50% Stamp Duty Savings
Register to Bid

Description

+ Brand new 5 year lease to 2025 plus 5 year option to 2030.
+ Lease to John’s Flower Box, experienced operator in business for over 30 years.
+ Fixed 5% annual increases.
+ Tenant pays usual outgoings.
+ Substantial 899sqm landholding with future upside & expansion opportunities (STCA).
+ Recently fully refurbished building with large 17 metre dual street frontage.
+ Prominent location, surrounded by national businesses such as Aldi, Chemist Warehouse, Australia Post, McDonalds and KFC.
+ Minimum management investment.
+ Additional income from CBA ATM lease to 2022 plus option to 2025.
+ City of Greater Bendigo: Victoria’s largest inland city with a current population of 121,349 and forecast to grow to over 155,000 by 2041.
+ Net Income: $39,033 pa + GST.

For Sale by Investment Portfolio Auction
11AM (AEDT) Wednesday 24 February 2021

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
899 SQM
Building Area
178 SQM

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