SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
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SOLD

Brand New 7 Year Lease to Victorian Government

571-575 Raglan Parade (Princes Hwy), Warrnambool VIC

Property Highlights

Triple Net Lease, Including Land Tax
Prime Hwy Location Next to McDonald's
Total Refurbishment Complete July 2021
Register to Bid

Description

Under Instruction from KordaMentha – Agent for the Mortgagee in Possession

****Potential 50% Stamp Duty Saving****

+ Secure 7 year Government Net Lease plus 5 + 5 year options to 2038
+ Significant tenant refurbishment due for completion July 2021
+ Prime highway position next to McDonald’s close to KFC & Coles
+ 1,504 sqm* site with 28* metres frontage and on-site parking
+ Fixed 2% rent increases
+ 1,305 sqm* building with potential future tax depreciation benefits
+ Warrnambool: Victoria’s largest coastal city (outside Port Phillip Bay) with a growing trade catchment circa 100,000 approx.
+ Net Income: $287,100 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021

*approx

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government
Land Size
1,504 SQM
Building Area
1,305 SQM

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