High Yielding Bank Investment – $800K Buyers. Occupied 20 Years – Recent Refurbishment.

1 Rufus Street, Blackwater QLD

Property Highlights

Renewed 5 year lease to 2019

Fixed 3% increases

Prominent corner tenancy

Description

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Bank
Land Size
204 SQM
Gross Building Area
204 SQM

Contact Agents

David Ingram

0403 464 621

Raoul Holderhead

0413 860 304

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