overview

  • 1P6108
  • Industrial
  • Sold
  • 276 sqm
  • 1920 sqm
  • 30 meter
Documents
  • Brochure
  • Lease Renewal
  • Contract of Sale

    Contract of Sale

Description

SOLD $480,000 Auction Opportunity - Investors - Echuca Postal Centre - Government Tenant
Unique opportunity to acquire this well-located investment property leased to Australia Post.

-Steel Warehouse with Office & Canopy.
-Postal delivery sorting area.
-Bike Shed.
-Kitchen and staff facilities.
-3 Phase Power
-Electric Roller doors

Tenant: Australian Postal Corporation.
Term: 5 Years to 31/8/2022
Further term: 1 term of 5 Years to 1/9/2027
Rent: $23,691.60
Rent review: 2.5% P/A
Outgoings: Paid by the Tenant ( Inc State Land Tax )

Building area: 276 sqm
Canopy area: 120 sqm
Land area: 1920 sqm

Australia Post have been and remain excellent tenants

How is Australia Post going financially ?

Australia Post, formally the Australian Postal Corporation, is the government business enterprise that provides postal services in Australia.

Australia Post appears to be one of the few companies to have benefited from the coronavirus pandemic after reporting record growth in annual revenue. According to the latest FY20 results released last week, group revenue grew by 7 per cent to $7,500 million, with before tax profits of $53.6 million.Aug 31, 2020

Source - Google

Prior Offers may be considered

Call Gary Wood 0408505733

Features

  • Air Conditioning
  • Close to Shops
  • Close to Transport
  • Toilet Facilities
  • 3 Phase Power
  • Roller Door Access

floorplan

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