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Victorian State Government, 571-575 Raglan Parade (Princes Hwy), WARRNAMBOOL, VIC, 3280
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Victorian State Government, 571-575 Raglan Parade (Princes Hwy), WARRNAMBOOL, VIC, 3280

2. Property Highlights

Brand New 7 Year Lease to Victorian Government
  • Triple Net Lease, Including Land Tax
  • Prime Hwy Location Next to McDonald's
  • Total Refurbishment Complete July 2021

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

Remember to mention you found this property on CommercialReady.com.au

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Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898

3. Property Location

Victorian State Government, 571-575 Raglan Parade (Princes Hwy), WARRNAMBOOL, VIC, 3280

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4. Due Diligence

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Victorian State Government, 571-575 Raglan Parade (Princes Hwy), WARRNAMBOOL, VIC, 3280 Warrnambool
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
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