39-41 High Street , Shepparton

551.00m2
Retail
Contact Agent

RENEWED LEASE TO ASX LISTED CBA - IMMACULATE BUILDING CONSTRUCTED 2015

** SOLD **

Gross Waddell ICR and Burgess Rawson 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, offering significant tax saving depreciation benefits

• 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 + trade catchment

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

Gross Waddell ICR
Alex Ham – 0410 545 226
Michael Gross – 0419 355 561

Burgess Rawson
Beau Coulter – 0413 839 898
Shaun Venables – 0411 860 865

*Approx.

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Level 1, 30 Collins Street
Melbourne VIC 3000