Centrelink Building – Secure Commercial Investment

The Centrelink Building in Ararat presents a golden opportunity to secure an investment nest egg. Ideal for your long term superannuation or investment portfolio this 12 year old Commercial Building of 643sqm approximately (537.8sqm NLA) has blue chip, Australian Government tenants Centrelink, Medicare & NDIS. Recently renewed for a 5 year lease term commencing 2nd March 2020 with a further 4 + 4 year options, CPI increases and indicative rent yields returning around 5.7-6.2%. Land size 955sqm in a high profile CBD, Western Highway corner location. The very spacious office building has a high quality modern facade & fitout which includes new floor coverings, staff amenities, kitchen, manager’s office, interview rooms, staff outdoor dining area and 9 off street car park spaces in a secure lockup compound easily accessed from the rear laneway. Enquire now for a comprehensive Information Memorandum.
Annual Rent: $184,000 gross + GST outgoings included
Annual Net Rent: $148,000 per annum + GST approximately

DUE TO COVID LOCKDOWN Sale by Fixed Date is now closing 12 noon on Monday 21st June, 2021 unless sold prior (Genuine cash offers seriously considered prior to end date). Indicative buyer range $2.4-$2.6 million).
For more information or to arrange an inspection contact listing agents Phil Clark 0417 509 or Terry Gazelle 0438 196 480