ULTRA SECURE FREESTANDING INVESTMENT - 10 YEAR ATO LEASE
The asset is brand new with completion due for October 2019 and is a whole of building lease to the Commonwealth of Australia - Australian Tax Office for 10 years (until 2029) with two 5 year options. The rental has been set at a level well below the current market rent levels in the Townsville market and has certain increases of 3.0% pa.
This property offers the chance to acquire a secure, brand new, Government backed, fully leased asset at a time where there is a distinct lack of quality investment stock across the eastern seaboard. CBRE summarise the salient features of the asset as follows:
- 10 year Lease to Commonwealth Government – Options 5+5yrs until 2039.
- Fully Leased to ATO
- 3.0% pa income growth
- Below market rent allowing for potential rent reversion
- Single lease of entire building – no management headaches
- High Depreciation benefits – Napier Blakely report available
- Townsville – largest and strongest economy in Northern Australia
- Building Area – 5,876 sqm* – PCA Measurement
- $1,535,828* p.a. Net Passing Income
THE PROPERTY IS FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING 22 AUGUST 2019 AT 4PM (AEST).
A copy of the Information Memorandum and Due Diligence package is available upon request from the exclusively appointed CBRE agents.