190-190a Franklin Street,
Traralgon, VIC 3844
Offices • Shops & Retail • Medical & Consulting
Price information
Sale
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$55,430
Number of Tenants
1 Tenant
Tenants / Type
Tyler Tippings & Woods
Private inspections
to arrange a private inspection.
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
190-190a Franklin Street
Traralgon, VIC 3844
Map of 190-190a Franklin Street
Train stations within 5 km of 190-190a Franklin Street, Traralgon, VIC 3844 Distance Traralgon Station 592 m POWERED BY HERE ©Bus stops within 5 km of 190-190a Franklin Street, Traralgon, VIC 3844 Distance Traralgon Plaza SC/Franklin St (Traralgon) 192 m Harold Preston Reserve/Davidson St (Traralgon) 410 m St Michaels Primary School/Kay St (Traralgon) 414 m Gordon St/Breed St (Traralgon) 434 m George StPeterkin St 479 m POWERED BY HERE ©
POWERED BY HERE ©
Attn: $950K+ Buyers | Longstanding Tenant Over 15+ Years | Irreplaceable Freehold Title with Untapped Upside
- High exposure corner landholding
- Fixed 3% annual rent increases
- Tenant pays all usual outgoings
Burgess Rawson is pleased to offer to the market ‘Tyler Tippings & Woods’ located at 190 Franklin Street, Traralgon VIC, for sale by Private Treaty.
This investment has the following key highlights:
+ Three (3) year net lease to ‘Tyler Tipping & Woods’ to September 2026.
+ One (1) further three (3) year option to 2029.
+ Tyler Tipping & Woods: long established and successful legal firm in operation 50+ years across Gippsland and Regional Victoria. (1)
+ Fixed 3% annual rent increases, ensuring income growth.
+ Investor preferred net lease terms with the tenant responsible for all usual outgoings as per the lease.
+ Well presented two-level 292sqm* refurbished building.
+ Strategic 256sqm* main road freehold ACZ site with extensive 36-metre dual street frontage.
+ High profile Franklin Street & Grey Street corner landholding with 11,400+ vehicles passing daily. (2)
+ Prominent ‘city centre’ location enveloped by the Coles and Kmart anchored Traralgon Centre Plaza Shopping Centre.
+ Absolute CBD location with Woolworths, JB-Hi Fi, Best & Less and Dan Murphy’s all within 500m.*
+ Potential 50% stamp duty saving.
+ Traralgon: retail & commercial capital of the Latrobe Valley servicing a trade catchment of 126,800+ people. (3)
+ Net Income: $55,430 pa* + GST.
For Sale by Private Treaty.
* Approx
(1) Tyler Tipping & Woods
(2) GapMaps
(3) Latrobe City Council
This investment has the following key highlights:
+ Three (3) year net lease to ‘Tyler Tipping & Woods’ to September 2026.
+ One (1) further three (3) year option to 2029.
+ Tyler Tipping & Woods: long established and successful legal firm in operation 50+ years across Gippsland and Regional Victoria. (1)
+ Fixed 3% annual rent increases, ensuring income growth.
+ Investor preferred net lease terms with the tenant responsible for all usual outgoings as per the lease.
+ Well presented two-level 292sqm* refurbished building.
+ Strategic 256sqm* main road freehold ACZ site with extensive 36-metre dual street frontage.
+ High profile Franklin Street & Grey Street corner landholding with 11,400+ vehicles passing daily. (2)
+ Prominent ‘city centre’ location enveloped by the Coles and Kmart anchored Traralgon Centre Plaza Shopping Centre.
+ Absolute CBD location with Woolworths, JB-Hi Fi, Best & Less and Dan Murphy’s all within 500m.*
+ Potential 50% stamp duty saving.
+ Traralgon: retail & commercial capital of the Latrobe Valley servicing a trade catchment of 126,800+ people. (3)
+ Net Income: $55,430 pa* + GST.
For Sale by Private Treaty.
* Approx
(1) Tyler Tipping & Woods
(2) GapMaps
(3) Latrobe City Council
Property ID: 504670348Last Updated: 13 Nov 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Keith Williams Real Estate37-39 Franklin Street
TRARALGON, VIC 3844
TRARALGON, VIC 3844