CBRE are pleased to be working with their client Australia Post in the divestment of this perfectly positioned investment property. With Art to Art occupying the space since 2008 and their current option expiring on in June 2024, this is the perfect time to buy in to this tremendous asset and reap the rewards of the longstanding tenant. The future opportunity to unlock the 734sqm* of land gives any savvy investor plenty of reasons to want to look further into this one.
The key investment highlights include:
- Leased to Art To Art until June 2024
- Net passing rent of $70,197.97 (single holding basis)**
- Exceptional location just 2.5km from the city center
- 734sqm of land at busy intersection with 7 rear car parks
- 356sqm building overwhelmed with natural light
The property will be presented by public auction on site on the 6th May 11am (ACST) 2021
*Approximately
**As of 1st April 2021
Please contact the listing agents for more information.
While reasonable care is taken to help ensure the contents of this document are correct at the time of publication, the opinions, estimates, forecasts and information given in this document or otherwise by Australia Post Group and its affiliates (Australia Post Group) or CBRE (V) Pty Ltd (Agent) are to be used as a guide only and do not constitute advice of any kind (including investment, tax or legal advice) or any offer or contract. Prospective purchasers must rely on their own enquiries and investigations. Australia Post Group and the Agent do not warrant or represent that the information contained in this document is complete or accurate. Prospective purchasers should obtain independent advice to assist them in making their own decisions and assessment appropriate to their circumstances. Australia Post Group and the Agent assume that any person who reads or uses this document is capable of evaluating the merits and risks of any investment or other decision with respect to a property transaction, its suitability and its financial, taxation, accounting and legal implications without any reliance on this document.
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