45-47 Reid Street

Auction - Wednesday 15th Dec 2021 @ 10.30am AEST

Property Dates and Times

Property Features

Property ID: 3456893

Building Size
636 m2
Land Size
648.00 m2


* Secure 7+5+5 year lease to 2034
* Prime 648sqm site with dual frontage
* Tenant pays all usual outgoings
* Secure 7 + 5 + 5 year Net lease through to 2034
* NAB: ASX listed giant, market cap circa $90 billion
* Annual rent reviews
* Landlord favourable Net lease terms with NAB paying all usual outgoings as per the lease
* Immaculate 636*sqm two-storey building with dual frontage in the heart of the CBD
* Includes Workways Australia, established in 1989 on a 2 x 2 year lease
* Strategically positioned within metres of Dan Murphy's, Woolworths, ALDI, Big W and major Government buildings
* Potential 50% stamp duty savings
* Surrounded by important social infrastructure, including 10 primary and secondary schools within 3km servicing a combined 2,484 full time students.**
* Wangaratta: large progressive regional city and expansive secondary catchment population over 60,000*
* Net Income: $191,707 pa + GST

To be sold by Investment Portfolio Auction:?
10.30am AEDT
Wednesday 15 December 2021
Crown Casino, Melbourne

*Rural City of Wangaratta

*All areas and figures?approx?only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.?