124-126 Fryers Street, Shepparton VIC 3630
Long 10 Year Leases to Schnitz & Government – Recent $1m+ Tenant Funded Upgrades
Property Highlights:
– 100% leased to fast food/gov tenants
– Fixed 3% annual rent increases
– Tenants pay all usual outgoings
Description:
+ 100% leased to Fast Food & Government tenants.
+ Long 10 year lease to Schnitz to 2028 plus options to 2042.
+ Schnitz: fast-food retailer with over 71 stores nationwide.*
+ Secure 10 year lease to Beyond Housing to 2029 plus options to 2039.
+ Beyond Housing: government funded agency providing affordable housing and homelessness services.
+ Investor preferred net lease terms with tenants paying all usual outgoings.
+ Fixed 3% annual rental increases assuring growth.
+ Immaculate 786sqm*** building with recent $1m+ tenant funded upgrades offering significant depreciation benefits.
+ Prime 848sqm*** site with dual street frontage & 5 on-title car spaces.
+ Strategically positioned amongst Village Cinemas, Target, GOTAFE & OZ Tenpin Bowling.
+ Potential 50% stamp duty savings.
+ Shepparton: major regional city with 100,000+ trade catchment.
+ Net Income: $159,905pa + GST (as at November 2022)