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Victorian State Government, 60 Reid Street, WANGARATTA, VIC, 3677
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Victorian State Government, 60 Reid Street, WANGARATTA, VIC, 3677

2. Property Highlights

Brand New 5 Year Lease to Victorian Government
  • Government Net Lease, Inc Land Tax
  • $4.5M+ Total Refurbishment 2021
  • Substantial Taxation Depreciation

+ Secure Five (5) year Government Net lease to 31 January 2026 plus options through to 31 January 2036.

+ Fixed 3% annual rent increases with reviews to market on exercise of options.

+ Investor preferred Net lease terms with Government paying all usual outgoings including Land Tax.

+ Prime, central position in the heart of Reid Street.

+ 814 sqm Commercial 1 Zoned site.

+ Important six on-site car parks.

+ Prominent 1,262 sqm, two level GLA building totally refurbished in 2021 (circa $4.5m), potential for tax depreciation benefits.

+ Potential 50% stamp duty concession for commercial and industrial acquisitions in regional Victoria.

+ Wangaratta: large, progressive regional city and expansive secondary catchment population over 60,000.

+ Net Income: $355,000 pa + GST.

Auction Wednesday 23 June 2021

River Room, Crown Casino, Melbourne

Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

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, 60 Reid Street, WANGARATTA, VIC, 3677

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4. Due Diligence

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Victorian State Government, 60 Reid Street, WANGARATTA, VIC, 3677 Wangaratta
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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