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82-88 Benalla Road, Shepparton, VIC 3630

2. Property Highlights

Rare 5,075sqm* Landholding Between Bunnings Warehouse and Highway
  • 4 retail showrooms on one title
  • Tenants pay outgoings/ CPI reviews
  • Future development upside (STCA)

Burgess Rawson and Gagliardi Scott Real Estate are pleased to offer to the market, 82-88 Benalla Road (Midland Highway), Shepparton VIC via our National Investment Portfolio 160.

The property has the following investment highlights:

+ 100% occupied investment with strong occupancy history.

+ 4 retail showrooms on one title totalling 2,183sqm* anchored by Coventry Group Ltd (ASX:CYG).

+ Investor preferred net lease terms with tenants paying all usual outgoings as per leases.

+ Desirable annual CPI rent reviews.

+ Very low rent per/sqm providing for significant future rental uplift.

+ Property will be sold well below replacement cost.

+ Huge 5,075sqm* ACZ1 freehold landholding with 80 metre* highway exposure.

+ Significant future re-development/ subdivision upside (STCA).

+ High profile Midland Highway site with 22,220 vehicles passing daily. (1)

+ Irreplaceable retail position directly adjoining 19,500sqm* large format Bunnings Warehouse store.

+ Prime location amongst Shepparton Marketplace, The Good Guys, Anaconda, RSEA, Repco and Supecheap Auto.

+ First time offered in over 34 years.

+ Potential 50% stamp duty saving.

+ Shepparton: major regional city with a 100,000 + trade catchment.

+ Net Income: $183,179pa* + GST

For sale by Expression of Interest

Closing 4:00pm (AEST) 11th May 2023


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3. Property Location

82-88 Benalla Road, Shepparton, VIC 3630

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4. Due Diligence

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