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Request an appraisalProperty ID: 1P14159
39-43 Williamson Street Bendigo VIC
$ 6,375,000
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Offices
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Sold
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1216 sqm
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1094 sqm
BLUE-CHIP AUSTRALIA POST ANCHORED FREEHOLD INVESTMENT
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021
Crown Casino, Melbourne
- Long Term Leases plus Options
- Recent $2.5m major upgrade
- Aust Post On-site for 25+ years
****50% Stamp Duty Saving****
+ Renewed Five (5) year lease to 2024 plus option to Australia Post, on-site for 25+ years.
+ Brand new Five (5) lease to 2026 plus option to Millson Business Centre, providing short to long term leases for private office space -over 90% occupancy.
+ Tenants pays all usual outgoings (Australia Post Pays 50% Single Holding Land Tax).
+ Irreplaceable 1,094sqm Commercial 1 Zone (C1Z) site with rare triple street frontage totaling 110 metres and significant development upside (STCA).
+ Commanding 1,216sqm two level building including ground level retail and first floor office space with important rear loading dock and 8 car parks on-title.
+ Key Australia Post site servicing large area including retail store, 1,500 PO Boxes & 24/7 parcel lockers.
+ Circa $2.5 million total building refurbishment works since 2016. Including $1.5 million Australia Post funded upgrade in 2016 – offering significant depreciation benefits.
+ Premium location in absolute heart of Bendigo's CBD with $300 million + in development in the immediate location, including $60 million TAFE redevelopment, $90 million Gov Hub with an estimated 1,000 employees and the brand new $160 million Law Court development.
+ City of Greater Bendigo: Victoria's largest inland city with population forecast to grow to over 155,000 by 2036.
+ Estimated Combined Net Rent: $321,199 pa + GST.
For more information, please contact DCK agent Matt Bowles on 0418 569 380 or Burgess Rawson agent Jamie Perlinger on 0413 860 315 and Beau Coulter on 0413 839 898.
10:30am (AEST) Wednesday 12 May 2021
Crown Casino, Melbourne
- Long Term Leases plus Options
- Recent $2.5m major upgrade
- Aust Post On-site for 25+ years
****50% Stamp Duty Saving****
+ Renewed Five (5) year lease to 2024 plus option to Australia Post, on-site for 25+ years.
+ Brand new Five (5) lease to 2026 plus option to Millson Business Centre, providing short to long term leases for private office space -over 90% occupancy.
+ Tenants pays all usual outgoings (Australia Post Pays 50% Single Holding Land Tax).
+ Irreplaceable 1,094sqm Commercial 1 Zone (C1Z) site with rare triple street frontage totaling 110 metres and significant development upside (STCA).
+ Commanding 1,216sqm two level building including ground level retail and first floor office space with important rear loading dock and 8 car parks on-title.
+ Key Australia Post site servicing large area including retail store, 1,500 PO Boxes & 24/7 parcel lockers.
+ Circa $2.5 million total building refurbishment works since 2016. Including $1.5 million Australia Post funded upgrade in 2016 – offering significant depreciation benefits.
+ Premium location in absolute heart of Bendigo's CBD with $300 million + in development in the immediate location, including $60 million TAFE redevelopment, $90 million Gov Hub with an estimated 1,000 employees and the brand new $160 million Law Court development.
+ City of Greater Bendigo: Victoria's largest inland city with population forecast to grow to over 155,000 by 2036.
+ Estimated Combined Net Rent: $321,199 pa + GST.
For more information, please contact DCK agent Matt Bowles on 0418 569 380 or Burgess Rawson agent Jamie Perlinger on 0413 860 315 and Beau Coulter on 0413 839 898.
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