Freestanding Officeworks Investment – Proven Performer

15 Victoria Street , Taree NSW

Property Highlights

Renewed 5 Year Lease to 2026 + Options
Only Officeworks within 80 Kms*
Impeccable 2,945sqm* Freestanding Site
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Description

Burgess Rawson is pleased to offer to the market this freestanding Officeworks investment at 15 Victoria Street, Taree NSW for sale via our Investment Portfolio Auction 165.

The property has the following investment highlights:

+ Renewed 5 year Officeworks lease to 2026 plus options through to 2041
+ Officeworks: Australia’s largest retailer of office supplies, wholly owned by Wesfarmers Limited – ASX top 10 company market cap $60.0 billion**
+ Attractive rent reviews, fixed 3% increases, ensuring rental growth
+ Landlord friendly net lease, tenant responsible for all usual outgoings including rates, insurance and single holding land tax as per lease
+ Immaculate 1,381 sqm building plus 35 valuable on-site car spaces
+ High profile 2,945 sqm main road site, with 40 metre frontage
+ Unrivalled catchment area, only Officeworks within 80kms*
+ Positioned in Key Taree Retail District surrounded by national traders including KFC, Sydney Tools, Shell Coles Express & Jaycar
+ Rare Affordable Wesfarmers investment
+ Mid Coast Council: Thriving location set to see population grow 18% to 116,744 residents by 2036^
+ Net Income: $366,574 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 5 December 2023
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*Approx.
**ASX as of 10/11/2023
^forecast.id.com

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Large Format Retail
Land Size
2,945 SQM
Building Area
1,381 SQM

Price

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