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39-41 High Street, SHEPPARTON, VIC, 3630
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39-41 High Street, SHEPPARTON, VIC, 3630

2. Property Highlights

Renewed Lease to ASX Listed CBA - Immaculate Building Constructed 2015
  • Rare fixed 4% annual rent increases
  • CBA pay all outgoings incl land tax
  • 51% of first years potentially tax free

Burgess Rawson and Gross Waddell ICR are pleased to offer to the market, Commonwealth Bank, Shepparton VIC for sale via Investment Portfolio Auction 156.

The property has the following investment highlights:

+ Renewed Three (3) year lease to December 2025 plus options to 2034.

+ Commonwealth Bank: ASX top 2 listed company with current $164 Billion market cap.

+ Rare fixed 4% annual rent increases assuring growth.

+ CBA pay all usual outgoings including single holding land tax as per lease.

+ As new 551sqm* purpose built two-level branch with lift constructed 2015.

+ Significant potential depreciation benefits with 51% of first years rent potentially tax free.

+ Key regional branch servicing large catchment with retail & business banking.

+ Prime 482sqm* site with important 7 on-title car spaces and side lane access.

+ High profile High Street (Midland Highway) position with 22,200* vehicles passing daily.

+ Absolute CBD location nearby NAB, $73m Shepparton Law Courts, Coles, Kmart, Target and Village Cinemas.

+ Potential 50% stamp duty savings.

+ Shepparton: major regional city with a 100,000 plus trade catchment.

+ Net Income: $227,757pa* plus GST (as at December 2022)

To be sold by Investment Portfolio Auction

10:30am AEDT Wednesday 26th October 2022

Crown Casino, Melbourne

Remember to mention you found this property on CommercialReady

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Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Alex Ham
Alex Ham
+61 *** *** *** show +61 410 545 226

3. Property Location

39-41 High Street, SHEPPARTON, VIC, 3630

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4. Due Diligence

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39-41 High Street, SHEPPARTON, VIC, 3630 Shepparton
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Gross Waddell ICR
Gross Waddell ICR
Level 1, 30 Collins Street Melbourne VIC 3000
View Agency Profile
Alex Ham
Alex Ham
+61 *** *** *** show +61 410 545 226
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