L.J Colquhoun Dixon Real Estate are pleased to offer for sale this superbly located commercial building in the heart of Wodonga.
The building has been occupied by the EDM Group for in excess of 40 years. EDM are an industry leader offering a wide range of quality consulting services in the areas of environment, design and management.
The site comprises an area of approximately 959 square metres and has a frontage to Hume Street of approximately 21 metres.
Erected on the site is well maintained commercial building that provides quality and functional office accommodation.
The building comprises an area of approximately 412 square metres and includes reception, general managers office, boardroom, three (3) large open plan areas, storage areas, male and female amenities, staff room and additional meeting rooms.
The tenant has just entered into a new five (5) year lease commencing September 1, 2021 at an initial rent of $90,640 per annum plus GST and outgoings.
The rent is subject to an annual 3% adjustment with a market review due in the first year of any renewed term.
The property also includes a large on-site car park at the front providing ten (10) spaces.
L.J Colquhoun Dixon Real Estate recommend this property as a sound long term investment opportunity.
Terms - 10% deposit, balance 60 days.