Burgess Rawson in conjunction with Keith Williams Real Estate pleased to offer to the market the Australia Post in Traralgon VIC for sale via our Investment Auction Portfolio 162.
The property has the following investment highlights:
+ Renewed Five (5) year lease to May 2028 to Australia Post, on-site for 27+ years.
+ Australia Post: Government business enterprise that provides postal services in Australia with over 64,000 workers spanning 4,310 sites nationwide.**
+ Landlord favourable net lease terms with tenant responsible for all usual outgoings excluding land tax & building insurance.
+ Strong and certain income growth with annual, fixed compounding 3% increases.
+ Irreplaceable 844 sqm Commercial 1 Zone (C1Z) site with rare triple street frontage totaling 99* metres and significant development upside (STCA).
+ Key Australia Post site servicing large area including distribution centre, retail store, over 2,000* PO Boxes & recently installed 24/7 parcel lockers.
+ Situated within close proximity to high-profile national tenants, with Woolworths, BWS, Dan Murphy?s, JB HI-FI and Traralgon Centre Plaza all within 500m*.
+ Traralgon Centre Plaza: Services a trade catchment of 126,800 people with the total retail sales exceeding $1.84 billion.***
+ Traralgon: Booming growth suburb within the Latrobe City Council, with population forecast to grow 35% by 2041.****
+ Latrobe City Council: Generates $6.25 billion in Gross Regional Product (GRP), accounting for 31.2% of the Gippsland Region?s total GRP.*****
+ Estimated net rent: $140,847 pa + GST.
To be sold by Investment Portfolio Auction:
10:30am AEST Wednesday 2 August 2023
Crown Casino, Melbourne
*Approximately
**Australia Post
*** Traralgon Centre Plaza
****Forecast.id
*****Remplan