Prime Main Street Freehold – Iconic Tenant with 73 Year History

Burgess Rawson is pleased to present 138 Baylis Street, Wagga Wagga NSW to the market for sale via Private Treaty.

The asset has the following investment features:
+ 5 year and 5 month net lease commenced 1st February 2023 plus options extending to 2043
+ Fitzpatricks: well-established tenant, operated from this address for over 24 years and in Wagga Wagga for 73 years
+ Net lease, with tenant paying all usual outgoings
+ Annual built-in CPI rent reviews
+ Two-storey freehold building in prime CBD location
+ High quality and extensive tenant fit-out featuring a combination of open plan and partitioned steel/glass frosted offices, prestige marble walls and granite flooring
+ Tenant plans in place to renovate and enlarge the kitchen/staff room, refurbish the reception area and add new meeting rooms
+ Wagga Wagga: NSW largest inland city, with 69,000 people which is expected to grow by over 12% to 2036
+ Net Income: $169,650 pa* + GST

For Sale via Private Treaty.

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx