172-186 Moreland Road, Brunswick VIC

JLL has the privilege of offering this exceptional Brunswick social infrastructure investment for sale – a premium government leased asset with outstanding income security, as part of the Services Australia Portfolio.

Key details of the opportunity include:

+ 100% leased to essential Government covenant, Services Australia

+ AAA covenant, providing $263bn in annual payments through Medicare, Centrelink, Child Support and myGov

+ 9-year lease commenced in February 2023, being in occupation since 1999

+ Current net passing rent of $2,091,767 p.a.*

+ 4,218sqm NLA refurbished building across 2-levels

+ Secure basement carparking for 79 vehicles accessible via Cozens Street

+ 5.5-star NABERS energy rating

+ Major triple fronted landholding of 3,291sqm* with strong future redevelopment potential (STCA)

+ Strategic inner northern location within 100 metres* to Moreland Train Station and the Sydney Road retail hub

+Part of a larger portfolio of 5 Services Australia assets across Victoria, South Australia and Tasmania

EOI CLOSED OFFERS UNDER REVIEW

The Services Australia Portfolio comprises 5 strategic government leased investments, located at:

1. 172-186 Moreland Road, Brunswick VIC
2. 3 William Street, Boronia VIC
3. 42 Queen Street, Warragul VIC
4. 451-455 Main Road, Glenorchy TAS
5. 49-57 Gertrude Street, Port Pirie SA

To obtain further information or to arrange an inspection, please contact the JLL team.

*Approximately

STCA – Subject to Council Approval