14-22 Grey Street
Traralgon, VIC 3844
1.09ha (2.7 acres)
Commercial 1 Zone and Public Park & Recreation Zone
10 Jul 2019
Map of 14-22 Grey Street
HIGH YIELDING GOVERNMENT LEASED INVESTMENT
- New 7-year lease
- Long term tenant since 1991
- Net Passing Income of $3.48 million* pa
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.
Property ID: 503004686Last Updated: 10 Jul 2019