CBD Accounting Tenant Investment – 7.5%-8% Yield Anticipated

135 Beardy Street , Armidale NSW

Property Highlights

Landlord Friendly Net Lease
Fixed 3% Annual Increases
7.5%- 8% Yield Anticipated
Register to Bid

Description

Burgess Rawson is pleased to offer to market 135 Beardy Street, Armidale NSW for sale via our Investment Auction Portfolio 167.

The property has the following key investment highlights:

+ Lease to long established accounting firm to 2027 + options to 2037
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance and land tax (single holding)
+ Roberts + Morrow: long 70+ year history, boasting 7 locations**
+ Guaranteed rental growth, fixed 3% annual increases
+ Prime location in Armidale CBD located in the main professional, medical and government strip
+ Armidale, historic capital of the wealthy New England High Country supporting population of circa 30,000 residents & growing^
+ Substantial 569 sqm freehold landholding near Coles Shopping Centre, Post Office & Council car park
+ Commanding 896.5 sqm building offering impressive and extensive commercial fitout + basement parking for 10 cars
+ Net Income $210,910 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House

Bidder registration required, register here: https://auctionslive.com/app/bidder-registration/2pNbD

Please contact the exclusively appointed sales team for more information.

*Approx
**rm.net.au
^profile.id.com.au

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Office
Land Size
569 SQM
Building Area
897 SQM

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