Vinci Carbone Property and National Retail Group are pleased to offer for sale this exceptional Government leased investment comprising a brand new two level commercial building with basement car parking occupying a prominent corner position within the thriving regional centre of Shepparton.
This prime corner commercial freehold investment is securely leased to the Victorian State Government – Department of Justice on a 12 year lease to 2032 plus options to 2044 and Court Services Victoria to 2023 plus options to 2025.
The property is fully leased returning $864,577 per annum* plus outgoings plus GST with fixed annual increases built into the tenancy terms. Significant depreciation benefits are available to purchasers.
Key highlights:
Fully leased to the Victorian State Government – Department of Justice on a 12 year lease to 2032 plus options to 2044 and Court Services Victoria to 2023 plus options to 2025.
Fully leased returning $864,577 per annum* plus outgoings plus GST with fixed annual increases
Brand new two level commercial building of 2,626 sqm* plus basement car parking for 40 cars and a further 8 car spaces at-grade located at the rear of the building
Land area: 1,821 sqm*
Extensive frontage of 40.23 metres* to Wyndham Street and 45.26 metres* to Vaughan Street
Significant depreciation benefits available
Shepparton is a major regional commercial and shopping centre and service economy for the Greater Shepparton area.
Major retailers in Shepparton include Coles, Woolworths, Kmart, Target, Big W, Harris Scarfe, Rebel, JB Hi-FI, Officeworks and Bunnings.
We highly recommend this stunning and impressive commercial investment for your consideration as it ticks all the boxes for the most astute investor.
For Sale by Expressions of Interest closing Wednesday 13 April 2022 at 4pm.
*approx