VincentCare & Spiire , 144-146 Welsford Street, Shepparton, Vic 3630

Burgess Rawson in conjunction with Gagliardi Scott Real Estate, are pleased to offer to the market 144-146 Welsford Street, Shepparton VIC for sale via Investment Portfolio Auction 175.

The property has the following key investment highlights:

+ Fully leased freehold investment with strong occupancy history. 
+ Long-standing tenants with VincentCare on-site since 2017 and Spiire since 2016. 
+ Diverse income stream from community services and property industries.
+ Five (5) year net leases with options through to at-least March 2032. 
+ VincentCare: government funded support for homelessness, family violence, alcohol & drug issues. (1)
+ Spiire: property & infrastructure consultants in operation 40+ years with 350+ staff and 10 location's across AUS. (2)
+ Tenants responsible for usual outgoings as per the leases. 
+ Favourable annual rent increases including fixed 2.5% and CPI. 
+ Well-presented 1,102sqm* two level freehold office building. 
+ Important secure basement car park with 17 spaces.
+ Significant 1,021sqm* ACZ1 landholding fronting Monash Park.
+ Prime position in Shepparton's premier office precinct nearby $79m law courts. 
+ Potential 50% stamp duty saving.
+ Shepparton: major regional city with 160,000+ trade catchment.
+ Net Income: $257,043pa* + GST (based upon assumed 2.5% CPI increase in April 2025)


For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 26 March
River Room - Crown Casino, Melbourne


*Approx
1 VincentCare
2 Spiire