Sold
Long 8.7 Year WALE to ASX Listed Cleanaway | Primary North-Central Region Hub
73 Old Dookie Road, Shepparton VIC 3630
Last Asking Price - $4,750,000-$5,225,000
IndustrialSize: n/a
Block size: 1.67 Hectares approx.
Burgess Rawson and Gagliardi Scott Real Estate are pleased to offer to the market 73 Old Dookie Road, Shepparton VIC for sale via National Expressions of Interest as part of our Portfolio Campaign 167.
The property has the following key highlights:
+ Longstanding tenant Cleanaway on-site 22 years.
+ Long Twelve (12) year lease to November 2032 plus options to 2044.
+ Cleanaway: ASX listed with market cap of $5.79B*, Australia's largest waste & recycling service with 250+ locations.
+ Investor preferred net lease terms with Cleanaway paying all outgoings including land tax and insurances.
+ Fixed 3% annual rent increases assuring income growth.
+ Cleanaway's primary processing and distribution hub in the north-central region, supplemented by 4 subsidiary locations.
+ Recent $2 million*+ capital upgrades providing significant depreciation benefits.
+ Substantial improvements totaling 5,786sqm* incl 3 warehouses, four bay workshop, covered truck wash and head office facilities plus weigh bridge.
+ Huge 16,650sqm* freehold Industrial 1 Zone (I1Z) landholding with 71 metre* frontage to Old Dookie Road.
+ Prime for distribution, with Old Dookie Road providing easy access to both Shepparton Alternate Route and Goulburn Valley bypass.
+ Desirable position in absolute heart of Shepparton's premier industrial precinct.
+ Shepparton: major regional city with a 160,000+ trade catchment.
+ Potential 50% stamp duty saving.
+ Net Income: $412,589pa* + GST (as at July 2024)
For Sale via Expressions of Interest:
Closing 3:00pm (AEST) Wednesday 10 April 2024
*Approx
The property has the following key highlights:
+ Longstanding tenant Cleanaway on-site 22 years.
+ Long Twelve (12) year lease to November 2032 plus options to 2044.
+ Cleanaway: ASX listed with market cap of $5.79B*, Australia's largest waste & recycling service with 250+ locations.
+ Investor preferred net lease terms with Cleanaway paying all outgoings including land tax and insurances.
+ Fixed 3% annual rent increases assuring income growth.
+ Cleanaway's primary processing and distribution hub in the north-central region, supplemented by 4 subsidiary locations.
+ Recent $2 million*+ capital upgrades providing significant depreciation benefits.
+ Substantial improvements totaling 5,786sqm* incl 3 warehouses, four bay workshop, covered truck wash and head office facilities plus weigh bridge.
+ Huge 16,650sqm* freehold Industrial 1 Zone (I1Z) landholding with 71 metre* frontage to Old Dookie Road.
+ Prime for distribution, with Old Dookie Road providing easy access to both Shepparton Alternate Route and Goulburn Valley bypass.
+ Desirable position in absolute heart of Shepparton's premier industrial precinct.
+ Shepparton: major regional city with a 160,000+ trade catchment.
+ Potential 50% stamp duty saving.
+ Net Income: $412,589pa* + GST (as at July 2024)
For Sale via Expressions of Interest:
Closing 3:00pm (AEST) Wednesday 10 April 2024
*Approx
Inspections
No open inspections scheduled.
Send an enquiry
Contact Beau Coulter to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Industrial
Block Size:
1.67 Hectares*
Other Details
Plan:
PC378191
Legal description:
PC378191
Maps and area information
Block information
Block size: 1.67Hectares (approx)
Legal description: PC378191
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
19 Apr 2024
Sold
Burgess Rawson & Associates
Listed: 28/02/2024
Block size: 16650m²
Transfer type: Full transfer
Shepparton suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
40 years
Population
32,067
Listing ID: 182335408. This listing has been viewed 2 times. It was first displayed on 28/02/2024 and last updated on 19/04/2024.
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.