571-575 Raglan Parade, Warrnambool VIC 3280
Sold

BRAND NEW 7 YEAR LEASE TO VICTORIAN GOVERNMENT

1504m2

Property Highlights:
– Triple Net Lease, Including Land Tax
– Prime Hwy Location Next to McDonald’s
– Total Refurbishment Complete July 2021

Description:

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

Property Details
Listing: Sale
Current Tenant: Tenanted
Occupancy Type: Government
Land Size: 1,504 SQM
Building Area: 1,305 SQM

Please call Mark Wilson 0408 529 275 or email mark@wilsonswarrnambool.com.au
In conjunction with Burgess Rawson – Raoul Holderhead 0413 860 304

Disclaimer:
For Statement Of Information & Due Diligence please head to our website at www.wilsonswarrnambool.com.au. All measurements are correct to the best of our knowledge, as provided by property owners and external websites. Please complete due diligence to confirm.

Gallery

Show more

Get In Touch

Name(Required)

Thank you for showing some interest in purchasing a property with us!

To learn more about buying a property through Wilsons Warrnambool please read our buying booklet.

Lucas Wilson,
Director