JLL is proud to exclusively present for sale Centrelink Cleveland – a genuine opportunity to acquire a premium asset with a defensive income profile in the heart of one of the bayside’s fastest growing suburbs. 159 Bloomfield Street, Cleveland represents the below key attributes:

• 944sqm* building wholly leased to The Commonwealth of Australia (Centrelink & Medicare) providing a best in class tenant covenant
• Brand new 7 + 3 + 3 year lease with 3% fixed annual rent reviews
• Constructed in 2006 and purpose built for Centrelink and their unique requirements, including full ground floor DDS access and internal lift facility
• 38 secure underground basement carparks
• Recently undergone extensive tenant led refurbishment, including installation of a 30kW rooftop Solar PV system which will greatly reduce annual electricity costs
• Positioned on a 1,426sqm* site zoned Principal Centre with dual street frontage
• Located within Cleveland’s central retail precinct with ample surrounding amenity and transport infrastructure
• Net income of $388,414p.a.*

For Sale via Expressions of Interest closing Thursday, 24 October 2019 at 4pm. 

*Approximately