Government Essential Service Investment

320-322 Wyndham Street (Goulburn Valley Highway), Shepparton VIC

Property Highlights

10 year lease to 2026 + options
Fixed 3% annual rent increases
Tenant pays all usual outgoings
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Description

+ Securely leased to Victoria Legal Aid until June 2026 plus options to 2036.
+ Victoria Legal Aid: Federal and State Government funded agency providing free legal advice and representation.
+ Generous fixed 3% annual rent increases ensuring strong and steady rental growth.
+ Attractive net lease terms with tenant paying all usual outgoings.
+ Significant 480sqm retail premises with immaculate tenant fit out and 10 car spaces on-title.
+ Highly sought-after essential service government investment opportunity.
+ Strategically positioned in key legal precinct amongst the $73 million Shepparton Law Courts, Department of Justice and Shepparton Police Station.
+ Shepparton: Major regional city with a trade catchment of over 100,000.
+ 50% stamp duty concession available to eligible purchasers.
+ Estimated Net Rent: $126,725pa + GST (as at July 2021).

For Sale for by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021
Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Building Area
480 SQM

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