Key Investment Highlights
+ Renewed three (3) year lease to the Commonwealth of Australia to 2025 plus option to 2028.
+ Centrelink: Essential Service Federal Government welfare department.
+ An important and strategic Centrelink office supporting the greater Mornington Peninsula region.
+ Assured rental growth through fixed annual 3.5% increases.
+ Modern 701sqm* Centrelink and Medicare facility, secured by Federal Government Income.
+Substantial refurbishments and upgrades completed in November 2022.
+Significant 1,154sqm* site with premium Commercial 1 zoning as well as 8 carparks on-title.
+Easily managed, single tenanted investment.
+ Thriving central education, hospitality and retail position with Rosebud Pier, Rosebud Primary, Woolworths, BWS, Coles, McDonalds and other service providers all within 500m*.
+ Rosebud: Fast growing and popular Mornington Peninsula location with easy access to suburbs and Melbourne CBD.
+ Mornington Peninsula: A Victorian tourist mecca with a growing population of 172,235**
+ Estimated Net Income: $301,321 pa + GST*
To be sold by Investment Portfolio Auction160
10:30am AEST Wednesday 10 May 2023
Crown Casino, Melbourne
*approx
** forecast id.