The Only Bank in Lightning Ridge
42 Morilla Street , Lightning Ridge NSW
Property Highlights
Renewed Lease to Westpac
Monopoly market position
100 box safe deposit facility
Description
5 year lease from January 2020 + 5 year option
+ Important: the most secure in Lightning Ridge
+ Prime 1,103 sqm block of land in the centre of town
+ Lightning Ridge: the world’s major source of black opals
+ Rare 3% annual rent increases (net income $87,114 in 2024)
+ Easily managed premium tenant investment
Net Income: $77,400 pa + GST
Auction Rescheduled
Tuesday 11 August 10.30 am
@ Auctionworks, 50 Margaret Street
Via registered bidding or telephone bidding
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Bank
Land Size
1,103 SQM
Building Area
463 SQM