SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Established NRMA in Tightly Held Retail Epicentre

2/159 Argyle Street, Picton NSW

Property Highlights

New 5 Year Lease to NRMA Branded Agency
Attractive 5% Annual Rent Increases
Prime CBD Main Street Position

Description

Burgess Rawson is pleased to offer to the market, 2/159 Argyle Street, Picton NSW 2571 for sale via our Investment Portfolio Auction 160.

This opportunity has the following key investment highlights:

+ New 5 year lease to NRMA branded agency to 2028 plus options to 2037
+ NRMA Agency: Attractive 5% compounding annual rent increases, ensuring significant income growth
+ NRMA: iconic insurance provider servicing over 2.6 million Australians annually
+ Absolute prime CBD epicentre location, rapid growth area south-west of Sydney
+ Long established NRMA agency since 2007
+ Easily managed single tenant investment
+ Immaculate NRMA fit-out
+ Net Income: $50,825 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 9 May 2023
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed Burgess Rawson team for more information

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Automotive
Land Size
107 SQM
Building Area
107 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights