New 5 +5 + 5 Year Lease to ASX Tenant – 8% yield expected – Essential Service Tenant

61 Maitland Street , Narrabri NSW

Property Highlights

Annual 3% rent increases
5 year lease
Net Income: $159,650 pa + GST


5 year lease
ASX listed tenant with over $820m in revenues (2020)
Essential service, share price has more than doubled since Covid-19
The Reject Shop: dominant market player with over 340 shops nationwide
New deal with global Supermarket giant, Tesco, to stock 300 new grocery products
Substantial 1,016 sqm site with two street frontages
Newly refurbished 705 sqm building with rear parking & access/loading
High profile main road location
Narrabri: strong agricultural economy and new major coal seam gas site with $3.62 Bn investment just announced
Valuable depreciation benefits
Valuable annual 3% rent increases (net income $166,277* in 2022)
Easily managed single tenant investment

Net Income: $159,650 pa + GST

For Sale by Auction
10.30AM (AEDT) Tuesday, 10 November 2020
at AuctionWorks, 50 Margaret Street, Sydney NSW 2000

Property Details

Current Tenant
Occupancy Type
Large Format Retail
Land Size
1,016 SQM
Building Area
800 SQM


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