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96 Gray Street, Hamilton, VIC, 3300

Hamilton

SOLD

96 Gray Street, Hamilton, VIC, 3300

Properties / Sold / Victoria / Hamilton

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

369 m² (*approx)

Floor Area

486 m² (*approx)

Property Type

Retail, Offices, Child/Healthcare

Sub-type

Strip Retail

Terms

Renewed Three (3) year lease to May 2026, plus options to 2032.

Est. Income

$83,200 p/a

Fully Leased

Westpac

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2. Property Highlights

Renewed Net Lease to ASX Listed Westpac | Important Regional Agribusiness Branch

Renewed lease to May 2026 plus options
Fixed 3% annual rent increases
Tenant pays all outgoings incl land tax

Burgess Rawson in conjunction with LMB Livestock & Land are pleased to offer to the market, Westpac, Hamilton VIC for sale via our Investment Auction Portfolio 161.

The property has the following investment highlights:

+ Renewed Three (3) year lease to May 2026, plus options to 2032.

+ Westpac: top 5 ASX listed banking giant, servicing 12.7 million customers with a market cap of $73.4 billion.**

+ Secure, set-and-forget net lease structure with Westpac responsible for all usual outgoings including Land Tax.

+ Fixed compounding 3% annual rent increases, ensuring income growth.

+ Commanding 486sqm* two-level branch incorporating retail, agribusiness and business banking services.

+ Key regional branch servicing large trade catchment with the next closest Westpac being a 1hr 15m* drive.

+ Prime 369sqm* site on main retail strip with important dual street frontage.

+ Position perfect, with Coles, Woolworths, ALDI, McDonalds, Kmart, IGA, Harvey Norman and KFC all within 700 metres*.

+ Hamilton: the main retail and service centre within the Southern Grampians Shire, servicing a trade catchment of over 20,000 people.***

+ Potential 50% stamp duty savings.

+ Net Income: $78,939pa* + GST

To be sold by Investment Portfolio Auction:

10:30am AEST

Wednesday 21 June 2023

Crown Casino, Melbourne VIC

*Approx

**Westpac.com.au

***GapMaps

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