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New 20 + 10 + 10 Year Lease to 2056

134 Ironstone Road, BENDIGO VIC, 3550

Sold

Property Sold in 134 Ironstone Road, BENDIGO VIC, 3550

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11195328
Status:
Sold
Price:
Price on Request
Last Updated:
23/07/2019
Icon building

Property Type

Medical/Consulting/Retail
Icon square

Land Area

3941 SQM
Icon size

Floor Area

829 SQM
Icon parking

Parking

N/A

New 20 + 10 + 10 Year Lease to 2056

New 20 year lease to Jenny's ELC to 2036.
Two generous 10 year options to 2056.
Jenny's ELC: established and successful national child care provider with 4 locations in Bendigo.
Fixed 3% annual rental increases/Tenant pays all usual outgoings.
High quality 829 sqm double-brick facility constructed in 2010 and licensed for 128 places.
Substantial 3,941 sqm site with over 40 metre street frontage.
Further improvements include a modern three bedroom residence.
Attractive taxation depreciation benefits.
Bendigo: Victoria's largest inland city with a population of 110,000 and forecast to grow to over 156,000 by 2036.
Net Income: $372,465 pa (including residence).

Auction 11am AEDT Wednesday 26 October 2016
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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