King & Heath Pty Ltd is delighted to present 120 Day Street, Bairnsdale to the market.
Positioned directly opposite the Bairnsdale Regional Hospital, this quality commercial investment offers an enviable location in one of East Gippsland's most established healthcare and services precincts. Offered as a tenanted investment with a long lease already in place, it provides a new owner with secure, immediate income and the confidence of a stable, long-term return.
An outstanding opportunity for investors seeking a well-located asset with strong fundamentals, 120 Day Street offers plenty to a new owner.
For further information, please contact King & Heath Commercial on 03 5152 3311 or commercial@kingheath.com.au.
Commercial Sales & Leasing
0439 633 312
https://kingheath.com.au/matt-baylis/
| Property Address | 120 Day Street, Bairnsdale |
| Title Particulars |
Lot 1 on TP 806552D Volume 07601 Folio 133 Lot 2 on PS 018250 Volume 07252 Folio 392 Lot 3 on PS 018250 Volume 07299 Folio 757 |
| Land Area | 2261 sqm |
| Building Size | 680sqm |
| Zoning | General Residentail Zone - Schedule 1 (GRZ1) |
| Property | 120 Day Street, Bairnsdale, VIC |
| Lesee | Reflections Pty Ltd |
| Guarantor | Kelly Jane Avage & Rachel Wagstaff |
| Security Deposit | $7,333.32 incl. GST |
| Rent | $104,504.82 per annum |
| Outgoings | 100% payable by the Lessee except Land Tax |
| Term of Lease | 10 Years |
| Lease Expiry | 26 March 2033 |
| Further Terms of Lease | 4 further terms of 5 years each |
| Rent Reviews | 4% annually. Market Rent Review at the commencement of each further term of Lease |
| First Right of Refusal | The Lessor agrees that in the event that the Lessor decides to sell the property the Lessor will offer it to the Lessee who must within 14 days of the notification of its first right of refusal enter into an agreement in the then standard Contract of Sale. After 14 days the Lessor may sell the property to any other party if the Lessee has not exchanged such Contract but shall not do so on terms different from those offered to the Lessee unless first making the same or more advantageous offer to the Lessee who shall then have a further 14 days to exchange the Contract. |
The gateway to the natural beauties of East Gippsland, Bairnsdale is set on the banks of the Mitchell River, 285 kilometres east of Melbourne. A thriving provincial centre, and once home to steam boats and traders who arrived in the area in the 1850s, Bairnsdale is now the commercial and administrative hub of the East Gippsland Shire offering history, the arts, culture and retail.
The town’s rich heritage can be found throughout the town, including the rotunda in the centre of town, the spectacular murals and architecture of St Mary’s Church and Bairnsdale Court House, which are noted for their 19th century architecture. Close to lakes, rivers, mountains and forests, Bairnsdale is a destination for year-round enjoyment. Base yourself here to enjoy an excellent range of accommodation and dining and plan day trips, tours or longer stays.
East Gippsland is a local government area located in the eastern part of Victoria. It covers an area of 20,931 square kilometres and in 2018, has a population of 46,818. It includes the towns of Bairnsdale, Benambra, Bruthen, Buchan, Ensay, Lakes Entrance, Mallacoota, Metung, Omeo, Orbost, Paynesville, and many more.
East Gippsland is best known as a tourist destination as it is located on the iconic Gippsland Lakes. The lakes system is considered the largest lake system in Australia. Other significant towns include Lakes Entrance, Metung, Orbost, Paynesville and Mallacoota, the half-way point between Melbourne and Sydney. To the north are Omeo and other townships of the Great Alpine Road.
Additional important information that might interest you...
Method of Sale
Inspections
There will be an opportunity throughout the campaign to inspect the property via a private inspection. Please contact the exclusive selling agent to organise your inspection. Please note that inspections must be conducted during business hours.
Specialising in Commercial Property Sales, Leasing & Management First National Commercial King and Heath are proud of our longstanding reputation of initiative and integrity. Established in Bairnsdale in 1923 and now operating throughout East Gippsland, conveniently located to attend to your property needs.
First National Commercial King and Heath have a dedicated and well trained Commercial property team that handle the sales, leasing and management of commercial property within the East Gippsland catchment.
The team at First National Commercial King and Heath pride themselves on providing all clients with exceptional customer service and the right advice for all your property needs.
Every member of the team are continually striving to improve the level of service for our clients by attending and completing ongoing training in all matters relating to commercial property.
Our professional team is dedicated to providing personal service of the highest integrity and proud of the fact that a very large percentage of business is due to repeat and referral business.
The information contained in the report/information memorandum has been prepared in good faith and due care by the Vendor and first National King & Heath Commercial. Any projections contained in the report therefore, represent best estimates only and may be based on assumptions.
The information contained herein is supplied without any representation as to its truth or accuracy. All interested parties should make their own enquires to satisfy themselves in all aspects and obtain their own independent advice in order to verify any of the information. All stated dimensions and areas are approximate.
The vendor does not represent or warrant the accuracy of any information contained in this document. Subject to any statutory limitation on its ability to do so, the vendor disclaims all liability under any cause of action, including negligence, for any loss arising from reliance on this document.
Specifically, we make the following disclosures:
• All areas, measurements, boundaries, car space numbers, rents are approximate only and subject to final confirmation
Intellectual Property:
The information contained in the report has been prepared by First National King & Heath Commercial. The contents of this document are proprietary to First National King & Heath Commercial this includes: research including transactional data and reproduction of this information by any other part is not authorised. All other information contained herein is from noted sources deemed reliable, however First National King & Heath Commercial does not represent or warrant the accuracy of any information contained in this document.
GST Disclaimer:
First National King & Heath Commercial advises that the financial information in this report relating to income, outgoings and the like is provided without reference to the possible impact of GST, if any. Purchasers should make their own assessment of the impact of GST on the investments and the returns derived there from after obtaining expert professional advice.