BENEFITS OF NEWLY BUILT STRATA RETAIL

*MINIMAL LAND TAX

With the rising cost of land tax assessments particularly on freehold properties, strata has become an extremely vendor friendly option with annual costs at very low levels.

*DEPRECIATION COSTS

Depreciation refers to the loss in value a property experiences over time as a result of wear and tear. It’s a common topic among investors, as the Australian Taxation Oªce (ATO) allows owners of an income-producing property to claim a tax deduction for this depreciation.

A quantity surveyor will work out how the building’s structure and assets will depreciate over their lifespan.

*FLEXIBLE FLOOR PLANS

This open plan layout allow for a number of future uses within the tenancy catering to all aspects of retail including hospitality through to medical.

With the continued growth in oªce rents and demand for space around Collingwood, Abbotsford, Cremorne and Richmond this property would also be well suited to oªce type users.