SOLD
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Important Regional Centrelink Service Centre – Constructed 2012/13

258-264 Gray Street, Hamilton VIC

Property Highlights

100% leased to Fed/State Govts
Significant depreciation benefits
Fixed 4% & 3% annual increases

Description

+ Federal Government (Centrelink): 10 year lease plus options to 2029.
+ State Government (Department of Health & Human Services): 10 year lease plus options to 2033.
+ Generous fixed 4% (Federal Gov) & 3% (State Gov) annual rent reviews assuring growth.
+ As new 1,370 sqm office building including lift constructed 2012/13.
+ Significant depreciation benefits.
+ Irreplaceable 2,987 sqm Commercial 1 Zoned site with important 41 metre frontage to Gray Street.
+ 41 carparks on title (12 undercover)- access via Sedgewick Street.
+ Prime CBD location nearby Coles, Woolworths, ALDI, McDonalds, KFC, Harvey Norman, Target & Cheap as Chips.
+ 4.5 star NABERS rating.
+ Hamilton: Important commercial service centre servicing a trade catchment of 30,000+.
+ Estimated NET Income: $591,961pa + GST (as at April 2020).

For Sale by Private Treaty

Co Agent:
Graeme Linke
LMB Linke

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government
Land Size
2,987 SQM
Building Area
1,370 SQM

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