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19 Stanley Street, WODONGA, VIC, 3690

+11 Photos

+13 Photos

SOLD

19 Stanley Street, WODONGA, VIC, 3690

Properties / Sold / Victoria / Wodonga

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

0 m² (*approx)

Floor Area

578 m² (*approx)

Property Type

Offices, Retail, Child/Healthcare

Sub-type

Office Suites, Mixed Use, Consulting Rooms

Terms

Secure 5 + 5 year lease

Est. Income

$154,023 p/a

Fully Leased

Centre Against Violence

Show All

2. Property Highlights

Strategic Social Infrastructure Investment | Essential Service Tenant

Brand new $800k tenant funded fit-out
5+5 year lease with fixed 3% increases
99% government funded tenant

Burgess Rawson and Dixon Commercial Real Estate are pleased to offer to market a new Government facility in Wodonga VIC for sale via our Investment Auction Portfolio 160.

The property has the following investment highlights:

Secure 5 + 5 year lease to a government-funded tenant with revenue up 42% in 2022.

Fixed 3% annual rent increases assuring growth.

Essential service tenant, 99% government funded.

Versatile 578sqm* ground floor premises with 27 metre* frontage and brand new tenant funded $800,000 fit-out.

Significant tax saving depreciation benefits, with 40% of first years rent potentially tax free. (1)

Central business district location within 500 metres of Coles, Woolworths, ALDI and Kmart.

Potential 50% stamp duty saving.

Wodonga: robust local economy with low vacancy rates and house prices up 40% since April 2021. (1)

Net income: $154,023pa* + GST

To be sold by Investment Portfolio Auction

10:30am (AEST) Wednesday 10 May 2023

Crown Casino, Melbourne

*Approx.

1. J Mathew Advisory

2. realestate.com.au

Remember to mention you found this property on CommercialReady