Affordable Securely Leased Freehold Investment
340 George Street , Deniliquin NSW
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