272-274 Maroondah Highway Chirnside Park VIC 3116

Burgess Rawson is pleased to offer to the market, CFA District 13 Head Quarters located 272-274 Maroondah Highway, Chirnside Park VIC for sale via our Investment Portfolio Auction 173.

This opportunity has the following key investment highlights:

+ Long Ten (10) year net lease through to 2029 with Two (2) further Five (5) year options to 2039.
+ CFA: Country Fire Authority, established in the 1850s and now one of the largest volunteer emergency service organisations in the world with 51,949 volunteers. (1)
+ Annual fixed compounding 3% rent increases, ensuring income growth.
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings - land tax exempt (Land Tax Act 2005 Section 74).
+ Generational land holding 6,027 sqm* site with 80+ car spaces.
+ Impressive 1,420sqm* facility, CFA using the site as a regional control centre for emergencies and district control centre for east of Victoria.
+ Highly customised and capital-intensive tenant-funded internal fit-out tailored specifically to CFA operations and range of benefits including state-of-the-art technology, further strengthening continued occupancy beyond the lease term.
+ Gateway to the North East region of Victoria located on major aerial road Maroondah Highway seeing over 38,000 vehicles passing daily and supporting the Yarra ranges LGA. (2)
+ Prime location within Chirnside Park Large Format Retail precinct including national tenants such as Bunnings Warehouse, JB Hi-Fi, RSEA Safety, Sydney Tools, McDonalds and Dan Murphy's as well as the Chirnside Park Shopping Centre (7.1 million+ annual visitors) (3)
+ Chirnside Park: 30km* from Melbourne CBD with expected 16% population growth by 2046. (4)
+ Yarra Ranges Council: Booming eastern growth corridor producing an annual economic output of $17.8 billion (5) with population forecast to increase by 14.4% to over 184,000 by 2046. (4)
+ Net Income: $313,004pa* + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 December 2024
Crown Casino, Melbourne

* Approx
1 CFA
2 GapMaps
3 Chirnside Park Shopping Centre Advertising Opportunities
4 Forecast.id
5 REMPLAN