+ Net passing income of $3,946,677 p.a. (inc. December-18 fixed 4% increase)
+ 25 years (original 15 year lease with 10 year Deed of Variation) commencing 5 December 2011
+ Strong annual rental growth fixed at 4%
+ Leasable site area of 89,990sqm* (total site area 385,200sqm)
+ Strategic location approximately 12 kilometres* from Melbourne International Airport and 21 radial kilometres* from the Port of Melbourne
+ Tenant: Commonwealth of Australia, as represented by the Department of Home Affairs
+ The Bulla site provides accommodation and specialist facilities for two Australian Government law enforcement bodies providing detector dog capability at the incoming ports. The Bulla Detector Dog facility provides the following:
• The National Head Office for the Border Force Detector Dog Program
• Offices for Australian Border Force
• Offices for Australian Federal Police
+ Modern (2011) world class facility with depreciation benefits
*approximate

For Sale via an expressions of interest campaign closing Thursday 13th September 2018 at 4.00pm (AEST)