BENALLAYARRAWONGA ROAD, YARRAWONGA
High exposure regional investment
Features at a glance
We are pleased to present for sale, via auction, the freehold of 89 Benalla - Yarrawonga Road, Yarrawonga. This exceptional commercial property, fully tenanted and featuring a newly constructed building with high visibility, will be auctioned on-site at 12:30 PM on Friday, 13th September 2024.
Situated in the heart of Yarrawonga, one of Victoria’s most vibrant tourist towns, this prime property occupies a strategic 2,042m² allotment. It offers an impressive 41-meter frontage along Benalla Road, providing unparalleled exposure at the key entry point to Yarrawonga. The property’s location ensures consistent vehicle traffic, making it a valuable asset in any investment portfolio.
The property is currently leased to Outdoor Indulgence Pools, a reputable tenant, with a lease agreement that includes fixed growth provisions. This arrangement guarantees a stable and increasing return on investment, making this an attractive and secure opportunity for discerning investors.
Key Property Features:
• High-Exposure Location: Prime position with significant visibility on a major thoroughfare.
• New Construction: Modern, purpose-built facility designed to meet the needs of contemporary businesses.
• Strategic Allotment: 2,042m² land size with a wide 41-meter frontage.
• Secure Investment: Tenanted by Outdoor Indulgence Pools, offering fixed growth and financial stability.
• Tourist Hub: Located in Yarrawonga, a sought-after destination known for its thriving tourism and robust local economy.
• This property presents a rare opportunity to acquire a high-quality commercial asset in a growth area. Don’t miss the chance to invest in a property that combines location, exposure, and reliable income potential.
Lease Details:
• Lease Commencement: 22 December 2023
• Length of Lease: 3 (three) years
• Lease Expiry: 21 December 2026
• Options: 2 (two) x 3 (three) year options
• Reviews: On the first anniversary, the rent increases to $90,000 + GST pa and then CPI increase on every other anniversary
Outgoings – Tenant pays 100% of all outgoings
• Rates: $3,592.00 approx.
• Water: $650 pa approx. + consumption
• Insurance: $2,8000 pa + GST
For further details or to arrange an inspection, please contact Kristian Hopwood on 0473 888 821.
ADDRESS: 89 BenallaYarrawonga Road, Yarrawonga
AUCTION: Friday 13th September at 12:30pm
Land: $2,042m2 (approx.)
Net income $80,000 p.a. + GST + Outs
Fully leased to Outdoor Indulgence Pools
436m2 NLA
Floorplan
Features at a glance
