High Yielding Bank Investment – $800K Buyers. Occupied 20 Years – Recent Refurbishment.
1 Rufus Street, Blackwater QLD
Renewed 5 year lease to 2019
Fixed 3% increases
Prominent corner tenancy
Renewed 5 year lease to October 2019 with 2 x 5 year options to 2029.
Fixed 3% increases.
NAB: operates nearly 1,600 branches and service centres across Australia, New Zealand and Asia, with 12.7 million customers and a market cap of $81.9 billion (Sept 2017).
Long standing tenant in occupation since 1997.
Prominent 204 sqm corner tenancy in the heart of Blackwater with dual retail exposure.
Confirmed upcoming tenant expenditure (circa $30,000) including new solar panels across the entire roof.
Central town location, amongst national retailers including Subway & Pizza Hut.
Blackwater: established agriculture and mining town in Central Highland Region of Queensland – population catchment circa 15,000.
Net Income: $70,141 pa + GST (as at October 2017).
Auction 11am AEDT Wednesday 1 November 2017
River Room, Crown Casino, Melbourne