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Colliers International - Melbourne East

14-22 Grey Street Traralgon, VIC 3844

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14-22 Grey Street
Traralgon, VIC 3844

Offices

Price information

Sold

$24,405,000

Land area

1.09ha (2.7 acres)

Floor area

8386.0m²

Car spaces

271

Zoning

Commercial 1 Zone and Public Park & Recreation Zone

NABERS

3.0

Sold on

10 Jul 2019

Colliers International - Melbourne East
14-22 Grey Street
Traralgon, VIC 3844
Peter Bremner
Rob Joyes
Rachael Clohesy

Colliers International - Melbourne East

Level 7, Chadstone Tower One, 1341 Dandenong Rd
CHADSTONE, VIC 3148

Map of 14-22 Grey Street

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HIGH YIELDING GOVERNMENT LEASED INVESTMENT

  • New 7-year lease
  • Long term tenant since 1991
  • Net Passing Income of $3.48 million* pa
Colliers International and Dawkins Occhiuto are pleased to present for sale 14-22 Grey Street, Traralgon.

14-22 Grey Street, Traralgon provides the rare opportunity to purchase a high yielding Government leased investment. The significant three level office building was originally constructed in 1991 and has been occupied by the Government ever since.

The investment is located within one of the most economically diverse municipalities in Victoria. Traralgon has been identified as the largest and fastest growing city in the Greater Latrobe Valley and is a regional city of choice for Government with major occupants including EPA Victoria and WorkSafe.

Key features of the property include:

- 3 level office building with approximately 8,386m²* of NLA
- 271 undercroft and at-grade car spaces
- New 7-year lease to the Government from 1 September 2018
- Net passing rental of $3,481,813 per annum* with 3.50% fixed annual increases
- Significant site area of 10,929m²*
- 3-Star NABERS rating
- Located in the largest and fastest growing city in the Greater Latrobe Valley

Should you wish to arrange a building inspection, please contact the selling agents.

approx*

Property ID: 503004686Last Updated: 10 Jul 2019

Agency contacts

Colliers International - Melbourne East

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Colliers International - Melbourne East

Level 7, Chadstone Tower One, 1341 Dandenong Rd
CHADSTONE, VIC 3148
Dawkins Occhiuto - Cremorne

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Dawkins Occhiuto - Cremorne

95 Cubitt Street
CREMORNE, VIC 3121
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Peter Bremner

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Peter Bremner
Colliers International - Melbourne East
14-22 Grey Street Traralgon, VIC 3844

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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Select agent to call

  • Peter Bremner

    Peter Bremner

    Colliers International - Melbourne East
    +61 *** ***
  • Rob Joyes

    Rob Joyes

    Colliers International - Melbourne East
    0418 *** ***
  • Rachael Clohesy

    Rachael Clohesy

    Colliers International - Melbourne East
    0466 *** ***
  • Andrew Dawkins

    Andrew Dawkins

    Dawkins Occhiuto - Cremorne
    0419 *** ***