29 Gordon Street, Bairnsdale

1,905m² Land
720m² Floor Area
Price Undisclosed
Sold on 11th August 2021
Property Type: Industrial/Warehouse


- Brand New Lease to Australia Post
- Brand New Buildings & Lease
- Essential Service Asset Class

Brand new Three (3) year lease to March 2024 plus options to 2033.
Securely leased to Australia Post, national postal service provider fully owned by the Commonwealth of Australia.
Important Australia Post distribution centre servicing all of East Gippsland.
Fixed 2.5% annual rent increases assuring growth.
Highly sought after 'essential service' investment.
Investor preferred net lease terms with Australia Post paying all outgoings including Single Holding Land Tax
Two newly constructed industrial warehouses totalling 720sqm offering significant tax saving depreciation.
Strategic 1,905sqm Industrial 1 Zone (IN1Z) site with easy access to Princes Highway.
Situated in key commercial precinct nearby Bunnings, Mazda, Toyota, Ford, Repco and Tyrepower.
Bairnsdale: Major commercial centre servicing East Gippsland region with 42,000+ trade catchment.
Net Income: $65,795 pa + GST

To be sold by Investment Portfolio Auction: 
10:30am AEST
Tuesday 10th August 2021
Southbank, Crown Casino, Melbourne