ULTRA SECURE FREESTANDING INVESTMENT - 10 YEAR ATO LEASE
11 Liverpool Place, Townsville City QLD 4810
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Block size: 1754 m² approx.
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.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Peter Rossi to learn more about this property, request an inspection or take an online tour.
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Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.