100% Leased Large Format Retail Centre Investment – 10,277sqm* ‘Golden Mile’ Landholding

Burgess Rawson is pleased to offer to the market 184 Princes Highway, South Nowra NSW for sale via our Investment Portfolio Auction 164.

The property has the following key investment highlights:

+ Longstanding 13+ year occupancy to The Salvation Army
+ Salvation Army: international charitable organisation operating in 133 countries with 350+ stores throughout Australia
+ Renewed 5 year lease to Pacific Furniture to 2028 plus option to 2033 (19+ year occupancy in same location)
+ Pacific Furniture: leading furniture retailer with 15 locations across NSW and Victoria
+ New 5 year lease to Nowra Motorcycles to 2027 plus option to 2032
+ Nowra Motorcycles: Nowra’s premier Honda and Husqvarna dealer in business for over 40 years
+ Desirable CPI annual rent reviews
+ High profile 1ha* Princes Highway landholding near Bunnings, JB Hi-Fi, Harvey Norman, Rebel & Anaconda
+ Improved with a substantial 3,758sqm* large format retail showroom across three buildings with parking for 73+ vehicles
+ Excellent 58 metres* of frontage to Princes Highway currently experiencing 74,000+*** vehicles passing daily
+ South Nowra: South Coast location part of the Shoalhaven region with a population of 142,939+ people forecast to grow 30% by 2051**
+ Net Income: $458,983 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 24 October 2023
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*approximate
**profile.i.d
***transport.nsw.gov.au