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2. Property Highlights

BUY ONE OR BOTH OF THESE QUALITY INVESTMENTS

40-42 Rowan Street is a high-quality, modern investment in a strategic location on Wangaratta’s CBD fringe. The ground floor is leased to Gordon Gibson Nominees Pty Ltd (est 1976) and the separately titled first floor is leased to the Rural Housing Network Ltd & Water Technology Pty Ltd, enabling investor flexibility. The property has been well maintained and has a 30kw solar system.

  • High quality, energy efficient building on large, central land holding
  • 40-42 Rowan Street anchored by irrigation specialists, Gordon Gibson Nominees (established 1976)
  • 3 year lease ends 30/06/2026 with 3 x 3 Options. Annual net rent $90,000 + GST*
  • A second lease provides additional net annual rent of $17,323 + GST*
  • 1/40-42 Rowan Street leased to Rural Housing Network Ltd & Water Technology Pty Ltd providing a combined net annual income of $111,011 + GST*
  • 15 onsite, sealed car parks and fully landscaped with mature trees
  • 50% regional, commercial stamp duty concession available
     

*Approx. 

Remember to mention you found this property on CommercialReady

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3. Property Location

40-42 Rowan Street, Wangaratta, VIC, 3677

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4. Due Diligence

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