政府投资 | $4,500,000 | 净收益率: 6.88% | 维州

A secure government-backed investment opportunity leased to the Commonwealth of Australia as represented by the Department of Human Services (Centrelink). 3 Jetty Road, Rosebud delivers blue-chip covenant strength and reliable income on Victoria's Mornington Peninsula.

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The property comprises a modern, purpose-built Centrelink and Medicare facility of approximately 701 square metres constructed in 2003. The building features concrete tilt panel walls, reinforced concrete frames, and premium finishes. Substantial refurbishments completed in November 2022 include re-carpeting, additional partitioning, and comprehensive fit-out works. Eight on-grade car parks with direct building access complement the asset. The property sits on a substantial 1,354 square metre Commercial 1-zoned site.

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Leased to the Commonwealth of Australia on a three-year term commencing 5 October 2025 and expiring 4 October 2028, the property generates net income of $317,576 per annum plus GST on a gross lease structure. Annual reviews are fixed at 3.5%, delivering reliable and predictable income growth. The tenant covers utilities and cleaning, whilst landlord outgoings total $43,113 per annum including land tax, council rates, water rates, and management.

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With a purchase price of $4,500,000.00 and total cash required of $1,946,000.00 (including 35% deposit and purchasing costs), the investment delivers net annual cash flow of $309,670.00 and a net yield on property of 6.88%. When accounting for purchasing costs, the net yield is 6.36%. Return on equity of 6.14% in pure cash flow terms increases to 17.71%, 22.33%, and 29.27% with conservative capital growth assumptions of 5%, 7%, and 10% respectively.

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Centrelink has occupied this facility since its construction in 2003, representing 22 years continuous tenancy. The tenant's substantial 2022 investment in upgrades demonstrates ongoing operational commitment. As the Commonwealth of Australia, the tenant covenant is the highest grade available in Australian commercial property, carrying zero credit risk.

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Rosebud is located approximately 61 kilometres south of the Melbourne CBD within the Mornington Peninsula Shire, which has an estimated population of 176,389 and annual economic output of $23.6 billion. Healthcare is the largest industry in both the suburb and the broader Shire. The property is positioned on Jetty Road within the Rosebud retail precinct with direct exposure to Point Nepean Road, a major arterial carrying over 20,000 vehicles daily. The catchment area includes 16,746 residents within a 3 kilometre radius.

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Nearby amenity includes Rosebud Village Shopping Centre, Rosebud Plaza Shopping Centre, Nepean Plaza, and local cinema, all within walking distance. The location benefits from major infrastructure investment including the $390 million Mornington Battery Energy Storage Project and the $1.1 billion Frankston Hospital Redevelopment. Peninsula Link provides high-capacity connections reducing travel times to Melbourne to approximately 40 minutes during peak periods.

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Centrelink's role as an essential Federal Government service provider delivering social security payments, Medicare, and welfare services reinforces the tenant's need for this specific location. Services are non-discretionary and location-dependent, underpinning long-term occupancy certainty.

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