Westpac/St George – High Yielding Bank Investment

Burgess Rawson is pleased to offer to market this Westpac/St George Investment at 336-338 Peel Street, Tamworth NSW for sale via our Investment Auction Portfolio 168.

This property features the following key investment highlights:

+ Recent 3 year lease to 2026 plus option to 2029
+ Westpac: top 5 ASX listed company (ASX: WBC) serving 12.7 million customers, with a market capitalisation of $90.24b**
+ In 2008 St George became part of the Westpac group and remains one of Australia’s leading retail and business banking brands
+ Long established Westpac featuring recent high-quality fit out & newly introduced St George
+ Landmark 725sqm* freehold corner site boasting corner exposure to Peel Street & Oxley Highway
+ Peel Street: the main street of Tamworth supporting national brands including Woolworths, Target, Kmart, NAB & ANZ.
+ Tamworth: inland City with 200,000 residents within 2-hour drive
+ Highly sought after annual CPI rental reviews
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance and land tax as per lease
+ Net Income: $328,110 pa* + GST^

To be sold by Investment Portfolio Auction
10:30am AEST Wednesday 15 May 2024
Yallamundi Rooms, Sydney Opera House

Bidder registration required, register here: www.portfolioauctions.com.au

Please contact the exclusively appointed sales team for more information.

*Approx
**ASX: As of 15/04/2024
^June 2024: Applying March CPI (3.8%)