Positioned in the heart of one of regional Victoria's key service centers, 29 Ely Street offers the security and simplicity that today's commercial investors are looking for.
Backed by a reputable national tenant, Maurice Blackburn, the property provides a dependable income stream to mid-2028, with fixed 3% annual reviews ensuring predictable growth. The tenant covers all outgoings, resulting in a low-management net lease returning approximately 6.02%-ideal for SMSF buyers and passive investors seeking a well-maintained modern asset in a tightly held market.
Highlights
* Leased to Maurice Blackburn Pty Ltd-a recognized national law firm
* Secure income to 31 May 2028 via renewed and extended lease terms
* Current net rent of $52,344.60 pa + GST-net yield around 6.02%
* Fixed 3% annual rent reviews locked into 2028
* Tenant pays all outgoings
* Mixed Use Zone (MUZ) in a central commercial precinct
* 302m2 allotment with a 180m2 building
* 50% regional stamp duty concession may apply
