JLL and Raine and Horne are proud to present an exceptional investment opportunity in the heart of Murray Bridge.
The building was extensively refurbished in 2020 and boasts modern accommodation, including secure car parking and is occupied by a number of key tenants providing essential services for the region with the majority of the building occupied by government and medical tenants. The property has an attractive weighted average lease expiry (WALE) of 2.94 years (by income) and the expansive 5,331 square meter land holding on the corner of Sturt Reserve Road and Joseph Street further underpins the value of this investment. With no stamp duty payable on commercial transactions in South Australia, this property is a not-to-be-missed opportunity for investors.
The property is offered for sale by Expression of Interest, closing on Tuesday 17 September 2024 at 4pm (ACST). For more information or to arrange an inspection, please contact the exclusive selling agents at JLL and Raine and Horne.
We highlight the key features below:
· Passing net income of $607,241* pa
· Modern, high quality extensively refurbished building circa 2010
· Murray Bridge is poised to become SA's largest regional city with $7.6 billion, mixed use development proposed at Gifford Hill
· Income under pinned by strong Government and Medical Occupiers
· Attractive WALE of 2.94 years (by income) with a strong tenant profile
· No stamp duty payable on commercial transactions in SA
· 5.5 NABERS & BEEC Rating
The property is offered for sale by Expression of Interest closing 17 September 2024 at 4pm (ACST)
For more information or to arrange an inspection, please contact exclusive selling agents at JLL and Raine and Horne.
JLL RLA 1842
Raine and Horne RLA 145239
