- New 5 year lease to National Australia Bank
- Income $58,000 pa net
- Annual reviews
- Single tenant investment
- 546sqm block
- Improvements 350sqm*
- Zoned ‘Commercial’
- Prime location
- Occupied by the NAB since 1940
This town-centre, single-tenant investment with a new 5-year lease has been occupied by National Australia Bank for over 75 years.
Two-level brick and tile heritage-listed building featuring on the ground floor a banking premises with open plan service areas, offices, teller area, kitchen and an external ATM.
The first floor comprises NAB Agribusiness offices, kitchen and toilet.
Lot 7 on Diagram 11282 Certificate of Title Volume 1065 Folio 737.
The Shire of Northam advise that property is zoned ‘Commercial’.
The property is listed on the Heritage Council State Heritage Register. Refer Selling Agent for further details.
Tenant National Australia Bank
Expiry 30 September 2023
Option 5 years to 30 September 2028
Income $58,000 pa net
Rent Reviews CPI Annually, Market on Review
Outgoings Payable by Lessee
Goods and Services Tax
The sellers are registered for GST and the property will be sold as a Going Concern.
$725,000 (GST Going Concern)
|Gross Building Area