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Burgess Rawson - Melbourne

Victorian State Government, 571-575 Raglan Parade (Princes Hwy) Warrnambool, VIC 3280

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Victorian State Government, 571-575 Raglan Parade (Princes Hwy),
Warrnambool, VIC 3280

Shop & Retail • Offices • Medical & Consulting

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Burgess Rawson - Melbourne
Beau Coulter
Raoul Holderhead

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
Victorian State Government, 571-575 Raglan Parade (Princes Hwy)
Warrnambool, VIC 3280

Map of Victorian State Government, 571-575 Raglan Parade (Princes Hwy)

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Brand New 7 Year Lease to Victorian Government

  • Triple Net Lease, Including Land Tax
  • Prime Hwy Location Next to McDonald's
  • Total Refurbishment Complete July 2021
Under Instruction from KordaMentha - Agent for the Mortgagee in Possession

****Potential 50% Stamp Duty Saving****

+ Secure 7 year Government Net Lease plus 5 + 5 year options to 2038
+ Significant tenant refurbishment due for completion July 2021
+ Prime highway position next to McDonald’s close to KFC & Coles
+ 1,504 sqm* site with 28* metres frontage and on-site parking
+ Fixed 2% rent increases
+ 1,305 sqm* building with potential future tax depreciation benefits
+ Warrnambool: Victoria’s largest coastal city (outside Port Phillip Bay) with a growing trade catchment circa 100,000 approx.
+ Net Income: $287,100 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021

*approx

Property ID: 503772686Last Updated: 10 May 2022

Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
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