Renewed Lease to VicRoads - Essential Service State Government Department

Description

+ Renewed 3 year lease to Feb 2023 plus options to 2025
+ VicRoads pay all usual outgoings including building insurance
+ VicRoads: Essential service Victorian State Government transport department
+ Purpose built and well maintained 249 sqm building including vehicle inspection bay
+ Fixed 3% annual rent increases assuring growth
+ Significant 3,118 sqm landholding with valuable 30 car parks on-title
+ Hamilton: Important commercial centre, servicing 30,000+ trade catchment
+ Net Income: $41,148 pa + GST (as at 28 February 2021)

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 9 December

Do you own a similar property?

Enquire

Contact agents
Jamie Perlinger Head of Agency | Partner
0413 860 315
Beau Coulter Partner
0413 839 898
Enquiry Form

Hamilton, VIC

24-30 Riley Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 141

Contact agents
Enquire