Burgess Rawson in conjunction with Gagliardi Scott Real Estate, are pleased to offer to the market 144-146 Welsford Street, Shepparton VIC for sale via Investment Portfolio Auction 175.

The property has the following key investment highlights:

+ Fully leased freehold investment with strong occupancy history.
+ Long-standing tenants with VincentCare on-site since 2017 and Spiire since 2016.
+ Diverse income stream from community services and property industries.
+ Five (5) year net leases with options through to at-least March 2032.
+ VincentCare: government funded support for homelessness, family violence, alcohol & drug issues. (1)
+ Spiire: property & infrastructure consultants in operation 40+ years with 350+ staff and 10 location’s across AUS. (2)
+ Tenants responsible for usual outgoings as per the leases.
+ Favourable annual rent increases including fixed 2.5% and CPI.
+ Well-presented 1,102sqm* two level freehold office building.
+ Important secure basement car park with 25 spaces plus 2 external spaces.
+ Significant 1,024sqm* ACZ1 landholding fronting Monash Park.
+ Prime position in Shepparton’s premier office precinct nearby $79m law courts.
+ Potential 50% stamp duty saving.
+ Shepparton: major regional city with 160,000+ trade catchment.
+ Net Income: $257,043pa* + GST (based upon assumed 2.5% CPI increase in April 2025)

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 26 March
River Room – Crown Casino, Melbourne

*Approx
1 VincentCare
2 Spiire