Price Drop – 7.5% + Net Yield

345-351 Peel Street, Tamworth NSW

Property Highlights

High Yield Shopping Centre Investment
Dominant CBD Location
Significant Value Add Potential

Description

Burgess Rawson is pleased to offer to the market this high yielding multi-tenant freehold Investment at 341-351 Peel Street, Tamworth NSW for sale by Private Treaty

The property has the following investment highlights:

+ Thriving Pedestrian Mall in Key CBD Location
+ Excellent prospects for future residential re-development upside and rental growth
+ Long occupancy history with local and national occupants, including Suncorp Bank and Sports Power
+ Substantial 3,666 sqm landholding, in key CBD location
+ Diverse lease terms reducing future vacancy risk
+ Dual street frontage linking the CBD bus terminal to Peel Street, the main retail precinct
+ Smart commercial solar electricity supply system, installed in 2015
+ Tamworth: one of NSW’s strongest regional economies with a population catchment of around 200,000 people
+ Net Income: $540,000 pa* + GST (fully leased)

For sale by Private Treaty: Guide for Offers $7,100,000 (7.6%)

Please contact the exclusively appointed sales team for further information

*approx

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Shopping Centre
Land Size
3,666 SQM
Building Area
2,537 SQM

Price

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