Rare Affordable High Yielding Freehold Investment

329-331 Blende Street , Broken Hill NSW

Property Highlights

Australia’s leading retailer

Long established business

High performing store

Description

Harvey Norman, one of Australia’s leading retailers boasting 220+ stores in 8 countries globally
Long established business in operation for around 20 years from this location
High profile store with limited local competition

Auction
11am AEST Tuesday 17 September 2019
Doltone House Hyde Park, Sydney

IMPORTANT: circa 8.5% net yield anticipated
Renewed 5 year lease to November 2022 + options to 2032
Broken Hill: established city with a population of over 18,000 people
Important economic hub, servicing large regional catchment
Large 1,312 sqm site with two street frontages + flexibility of 3 titles
High quality improvements including showroom, office & storage
Sensational CBD location near national retailers & major banks

Net Income: $108,032 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Large Format Retail
Land Size
1,312 SQM
Gross Building Area
1,212 SQM

Contact Agents

Rhys Parker

0451 101 042

Darren Beehag

0411 226 223

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