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Affordable Securely Leased Freehold Investment

340 George Street , Deniliquin NSW

Property Highlights

Brand new 5 + 5 + 5 year lease
Net lease with fixed 3% increases
Riverina Region is rapidly growing

Description

Auction 11am Tuesday 14 May 2019 at Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Massive 1,800 sqm site with rear lane access
Exceptional retail fit-out – strong tenant commitment
High exposure, brilliant 49 metre wide retail frontage

Freehold Betta Home Living Superstore: network of 235 stores Australia wide
Established tenant in this location 40+ years
New 5 year lease to 2024 + options to 2034
Fixed 3% annual rental increases ($94,543 pa + GST in 2023)
Net lease, guaranteeing rental growth, as per the lease
Passive income, tenant pays management fees

Ideal retail location opposite IGA & Cellarbrations, near CBA and ANZ
Deniliquin forms an integral part of the rapidly growing Riverina Region
Population forecast to soar by over 14.5% by 2036

Net Income $84,000 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Large Format Retail
Land Size
1,800 SQM
Building Area
1,800 SQM

Price

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