38-40 High Street, Wodonga
HIGH 8% YIELDING CBD FREEHOLD BUILDING
Dixon Commercial Real Estate in conjunction with Burgess Rawson are pleased to offer to the market 38-40 High Street (corner Huon Street), Wodonga VIC for sale via Expressions of Interest closing on Thursday 7 December, 2023 at 3pm as part of the Burgess Rawson Portfolio Campaign 165.
The property has the following key highlights:
- Commanding 3,170sqm* two level freehold building incorporating lift.
- Diverse income streams from government, medical, corporate, retail and fitness fields.
- Anchored by VIC Gov Dept of Education with recent $400k tenant funded fit-out upgrade.
- 20 Immaculate corporate office suites on level 1 with reception, boardroom and kitchen.
- Fixed 3% annual rent increases and annual CPI reviews.
- Important 41 secure on-title car spaces including 16 undercover car spaces.
- Significant 2,811sqm* corner site across two titles with huge 107 metre* combined street frontage.
-- High profile CBD position on busy High Street with 24,000 vehicles passing daily. **
- Ultimate flexibility with future redevelopment/subdivision upside STCA.
- Wodonga: robust economy with low vacancy rates and house prices up 40% since April 2021.
- Potential 50% stamp duty saving.
- Net Income: $528,442pa* + GST.
*Approx
**GapMaps
The property has the following key highlights:
- Commanding 3,170sqm* two level freehold building incorporating lift.
- Diverse income streams from government, medical, corporate, retail and fitness fields.
- Anchored by VIC Gov Dept of Education with recent $400k tenant funded fit-out upgrade.
- 20 Immaculate corporate office suites on level 1 with reception, boardroom and kitchen.
- Fixed 3% annual rent increases and annual CPI reviews.
- Important 41 secure on-title car spaces including 16 undercover car spaces.
- Significant 2,811sqm* corner site across two titles with huge 107 metre* combined street frontage.
-- High profile CBD position on busy High Street with 24,000 vehicles passing daily. **
- Ultimate flexibility with future redevelopment/subdivision upside STCA.
- Wodonga: robust economy with low vacancy rates and house prices up 40% since April 2021.
- Potential 50% stamp duty saving.
- Net Income: $528,442pa* + GST.
*Approx
**GapMaps
features
- Air Conditioning
- Car Parking - Surface
- Close to Schools
- Close to Shops
- Close to Transport
- Heating
- Kitchenette
overview
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1P2759
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Contact Agent
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Offices
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For Sale
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38-40 High Street Wodonga VIC
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3170 sqm
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2811 sqm