60 Reid StreetWangaratta VIC 3677
Property Details for 60 Reid St, Wangaratta
Last Listing description (June 2022)
- Government Net Lease, Inc Land Tax
- $4.5M+ Total Refurbishment 2021
- Substantial Taxation Depreciation
* Secure Five (5) year Government Net lease to 31 January 2026 plus options through to 31 January 2036.
* Fixed 3% annual rent increases with reviews to market on exercise of options.
* Investor preferred Net lease terms with Government paying all usual outgoings including Land Tax.
* Prime, central position in the heart of Reid Street.
* 814m2 Commercial 1 Zoned site.
* Important 5 on-site car parks.
* Prominent 1,262m2, two level GLA building totally refurbished in 2021 (circa $4.5m), potential for tax depreciation benefits.
* Potential 50% stamp duty concession for commercial and industrial acquisitions in regional Victoria.
* Wangaratta: large, progressive regional city and expansive secondary catchment population over 60,000.
* Net Income: $355,000 pa + GST.
Auction 10.30am (AEST) Wednesday 23 June 2021
River Room, Crown Casino, Melbourne
In conjunction with Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Property History for 60 Reid St, Wangaratta, VIC 3677
- 10 Jun 2021Sold for $6,800,000
- 21 May 2021Listed for Sale Price on Request
- 08 Jan 2019Listed for Rent - Price not available
Recent sales nearby
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About Wangaratta 3677
The size of Wangaratta is approximately 47.0 square kilometres. It has 55 parks covering nearly 8.0% of total area. The population of Wangaratta in 2016 was 18102 people. By 2021 the population was 19214 showing a population growth of 6.1% in the area during that time. The predominant age group in Wangaratta is 60-69 years. Households in Wangaratta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wangaratta work in a professional occupation.In 2021, 66.70% of the homes in Wangaratta were owner-occupied compared with 66.10% in 2016.
Wangaratta has 11,896 properties. Over the last 5 years, Houses in Wangaratta have seen a 43.30% increase in median value, while Units have seen a 47.80% increase. As at 31 March 2026:
- The median value for Houses in Wangaratta is $545,014 while the median value for Units is $395,447.
- Houses have a median rent of $500 while Units have a median rent of $390.
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