Purchased

Our team has successfully acquired a freehold corner site building, presenting a high-yield investment with significant security and growth potential for our client!

The property benefits from significant daily traffic flow, approximately 24,000 vehicles, ensuring high visibility and accessibility. Located in the fastest-growing Victorian town with a population of 43,183, projected to grow by 21.33% by 2036, supporting long-term demand for commercial spaces.

The property has significant upside potential in rent and capital value, particularly through potential conversion of existing spaces for higher-paying tenants. Additionally, a potential 50% stamp duty saving applicable to commercial assets in regional Victoria offers an upfront saving of $209,375, enhancing the financial appeal of the investment.

Key Highlights:

• 3,811sqm two level freehold building with lift.
• Diverse income streams
• Anchored by VIC Gov Dept of Education with recent $400k tenant funded fit-out upgrade.
• 20 corporate office suites on level 1 with reception, boardroom and kitchen.
• Fixed 3% annual rent increases and annual CPI reviews.
• 41 secure car spaces (16 undercover)
• 2,811sqm corner site across two titles with 107 metres of combined street frontage.
• High profile CBD position on busy High Street with 24,000 vehicles passing daily.
• Flexibility with future redevelopment/subdivision upside STCA.

Building Type: Retail/Office

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