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Sold on 27 Mar 2024 - Price Unavailable

75 Firebrace Street
Horsham VIC 3400

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 491m2
Land area: 620m2
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Property Details for 75 Firebrace St, Horsham

Building Type
Commercial
Floor Size
491m2
Land Size
620m2
Local Government
Horsham
Lot/Plan
1/TP959438

Last Listing description (March 2024)

Renewed 5 Year Lease to 2028 | Tenant In Operation Since 1988.
Top 5 ASX listed tenant.
Net lease including land tax.

Potential 50% stamp duty savings.

Harcourts Horsham in conjunction with Burgess Rawson are pleased to offer to the market the NAB at 75 Firebrace Street Horsham VIC.
INFORMATION MEMORANDUM AVAILABLE BY CONTACTING SELLING AGENTS.

The property has the following investment highlights:
+ Renewed Five (5) year lease to 2028 plus one (1) further Five (5) year option to 2033.
+ National Australia Bank: Top 10 ASX listed financial institution with over 8.5 million customers and 32,000 employees** and $105.3 billion market cap.***
+ Huge 607 sqm* freehold corner site, with significant 50 metre* frontage and exposure to Firebrace Street & Pynsent Streets.
+ Important on-site parking for six (6) cars.
+ Long standing national tenant, in operation since 1988.
+ Landlord favourable net lease terms with tenant paying all usual outgoings including land tax, as per the lease.
+ High profile 491 sqm* building, with recent capital intensive tenant funded upgrades completed in 2019.
+ Position perfect within the Horsham CBD and surrounded by key national retailers and central amongst; Amcal, Coles, Bunnings, Spotlight, Woolworths, CBA, ANZ and more.
+ Horsham: Wimmera's commercial and retail capital with a trade catchment of circa 55,000 people and annual economic output of $7.481 billion.**** The region produces more than half of
Victoria's total grain crop, oilseeds and pulses.*****
+ Potential 50% stamp duty savings.
+ Rent: $109,999 pa* + GST.

To be sold via Investment Portfolio Auction 167
10:30am (AEDT) Wednesday 27 March 2024
River Room, Crown Casino, Melbourne

*Approx
**NAB
***ASX - as at 23 Feb 24
****Remplan
***** Wimmera Development Association

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Property History for 75 Firebrace St, Horsham, VIC 3400

A timeline of how this property has performed in the market
Last Sold
27 Mar 2024
  • 27 Mar 2024
    Sold for $1,455,000
  • 04 Mar 2024
    Listed for Sale Auction

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About Horsham 3400

The size of Horsham is approximately 23.9 square kilometres. It has 42 parks covering nearly 6.4% of total area. The population of Horsham in 2011 was 14,284 people. By 2016 the population was 14,550 showing a population growth of 1.9% in the area during that time. The predominant age group in Horsham is 20-29 years. Households in Horsham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Horsham work in a professional occupation. In 2011, 66.8% of the homes in Horsham were owner-occupied compared with 66.3% in 2016.

Horsham has 9,426 properties. Over the last 5 years, Houses in Horsham have seen a 55.78% increase in median value, while Units have seen a 63.53% increase. As at 30 September 2024:

  • The median value for Houses in Horsham is $362,944 while the median value for Units is $315,193.
  • Houses have a median rent of $393 while Units have a median rent of $340.
There are currently 99 properties listed for sale, and 34 properties listed for rent in Horsham on OnTheHouse. According to CoreLogic's data, 378 properties were sold in the past 12 months in Horsham.

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Tim Coller
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