Prime CBD Freehold Investment – 4 Titles

An exceptional opportunity in the heart of Shepparton's CBD, this freehold property offers secure income and outstanding future potential. Ideally positioned between Coles/Kmart and the Maude Street Mall, it benefits from prime exposure to both vehicle and pedestrian traffic.

Comprising four titles across a total lettable area of 570m²*, these properties are currently occupied by one long term tenant in suits 3 & 4 and suites 1 & 2 are currently occupied by Collins booksellers. Zoned Activity Centre – Schedule 1 (ACZ1), it offers flexibility for a range of future uses or redevelopment (STCA). On-site improvements include 11 car parks and separate amenities.

Tenancy Profile:

Suites 1 & 2
- Potential rental of $65,000* pa + GST & outgoings.
- Suite 1 - 115m2* with 2 car parks
- Suite 2 - 170m2* with 3 car parks

Suites 3 & 4
- Leased to Victorian Aboriginal Legal Service Co-Operative Ltd.
Current rental of $64,687.50 pa + GST, with tenant paying 100% of outgoings.
Three-year lease to June 2027, plus a one-year option, with 3.5% fixed annual increases.
- Suite 3 - 110m2* with 3 car parks
- Suite 4 - 175m2* with 3 car parks
- Strategic Location

- The property is surrounded by significant public and private investment, including:

- $73 million new courthouse

- $17 million Maude Street Mall redevelopment

- Coles/Kmart precinct with 300+* car parks

- Upcoming multi-million-dollar ex/CFA site redevelopment

- 50% Stamp duty discount!

* = Approx.

Click here for the Consumer Affairs Victoria Due Diligence Checklist for Home Buyers