Victorian State Government, 60 Reid Street,
Wangaratta, VIC 3677
Shops & Retail • Offices • Medical & Consulting
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
Victorian State Government, 60 Reid Street
Wangaratta, VIC 3677
Map of Victorian State Government, 60 Reid Street
Brand New 5 Year Lease to Victorian Government
- Government Net Lease, Inc Land Tax
- $4.5M+ Total Refurbishment 2021
- Substantial Taxation Depreciation
+ Secure Five (5) year Government Net lease to 31 January 2026 plus options through to 31 January 2036.
+ Fixed 3% annual rent increases with reviews to market on exercise of options.
+ Investor preferred Net lease terms with Government paying all usual outgoings including Land Tax.
+ Prime, central position in the heart of Reid Street.
+ 814 sqm Commercial 1 Zoned site.
+ Important six on-site car parks.
+ Prominent 1,262 sqm, two level GLA building totally refurbished in 2021 (circa $4.5m), potential for tax depreciation benefits.
+ Potential 50% stamp duty concession for commercial and industrial acquisitions in regional Victoria.
+ Wangaratta: large, progressive regional city and expansive secondary catchment population over 60,000.
+ Net Income: $355,000 pa + GST.
Auction Wednesday 23 June 2021
River Room, Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane
+ Fixed 3% annual rent increases with reviews to market on exercise of options.
+ Investor preferred Net lease terms with Government paying all usual outgoings including Land Tax.
+ Prime, central position in the heart of Reid Street.
+ 814 sqm Commercial 1 Zoned site.
+ Important six on-site car parks.
+ Prominent 1,262 sqm, two level GLA building totally refurbished in 2021 (circa $4.5m), potential for tax depreciation benefits.
+ Potential 50% stamp duty concession for commercial and industrial acquisitions in regional Victoria.
+ Wangaratta: large, progressive regional city and expansive secondary catchment population over 60,000.
+ Net Income: $355,000 pa + GST.
Auction Wednesday 23 June 2021
River Room, Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane
Wangaratta, 3677 demographic data
The median household income for Wangaratta is $1,218, 12% lower than Regional Victoria's household income of $1,386. Wangaratta has an older age profile compared to the rest of Regional Victoria (median age 44 vs 43). Property ownership data shows 44% of property owners in Wangaratta have a mortgage.
19,214
Population
$1,218 per week
Median household income
44 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Garry Nash & Co - Wangaratta23 Baker Street
WANGARATTA, VIC 3677
WANGARATTA, VIC 3677
More properties from CBRE - VIC
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Dan Murphy's, 7-9 Baker Street,Wangaratta, VIC 3677 1354 m²Shops & Retail • Showrooms & Large Format Retail • Hotel, Motel & Leisure
Contact Agent
Noodle Mas, 52 Murphy Street,Wangaratta, VIC 3677 99 m²Shops & Retail • Medical & Consulting • Offices