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Centrelink, 258-264 Gray Street, Hamilton, Vic 3300

Centrelink, 258-264 Gray Street, Hamilton, Vic 3300

Offices Medical/Consulting Retail

  • Sold Contact Agent
  • Thu 02-Apr-20

Important Regional Centrelink Service Centre - Constructed 2012/13

  • 100% leased to Fed/State Govts
  • Significant depreciation benefits
  • Fixed 4% & 3% annual increases

  • Land Area
  • 2987.00 m² (approx)
  • Floor Area
  • 1,370 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Jun 01, 2020

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Beau Coulter, Burgess Rawson - Melbourne
Beau Coulter
Raoul Holderhead, Burgess Rawson - Melbourne
Raoul Holderhead

Important Regional Centrelink Service Centre - Constructed 2012/13

+ Federal Government (Centrelink): 10 year lease plus options to 2029.
+ State Government (Department of Health & Human Services): 10 year lease plus options to 2033.
+ Generous fixed 4% (Federal Gov) & 3% (State Gov) annual rent reviews assuring growth.
+ As new 1,370 sqm office building including lift constructed 2012/13.
+ Significant depreciation benefits.
+ Irreplaceable 2,987 sqm Commercial 1 Zoned site with important 41 metre frontage to Gray Street.
+ 41 carparks on title (12 undercover)- access via Sedgewick Street.
+ Prime CBD location nearby Coles, Woolworths, ALDI, McDonalds, KFC, Harvey Norman, Target & Cheap as Chips.
+ 4.5 star NABERS rating.
+ Hamilton: Important commercial service centre servicing a trade catchment of 30,000+.
+ Estimated NET Income: $591,961pa + GST (as at April 2020).

For Sale by Private Treaty

Co Agent:
Graeme Linke
LMB Linke

Centrelink, 258-264 Gray Street, Hamilton, Vic 3300

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