Renewed 5 Year Lease to 2028 | Tenant In Operation Since 1988

75 Firebrace Street , Horsham VIC

Property Highlights

Top 5 ASX listed tenant
Net lease including land tax
Potential 50% stamp duty savings
Register to Bid

Description

Burgess Rawson & Harcourts Horsham are pleased to offer to the market the NAB at 75 Firebrace Street Horsham VIC for sale via Investment Auction Portfolio 167. 

The property has the following investment highlights:

+ Renewed Five (5) year lease to 2028 plus one (1) further Five (5) year option to 2033.
+ National Australia Bank: Top 10 ASX listed financial institution with over 8.5 million customers and 32,000 employees** and $105.3 billion market cap.***
+ Huge 607 sqm* freehold corner site, with significant 50 metre* frontage and exposure to Firebrace Street & Pynsent Streets.
+ Important on-site parking for six (6) cars.
+ Long standing national tenant, in operation since 1988.
+ Landlord favourable net lease terms with tenant paying all usual outgoings including land tax, as per the lease.
+ High profile 491 sqm* building, with recent capital intensive tenant funded upgrades completed in 2019.
+ Position perfect within the Horsham CBD and surrounded by key national retailers and central amongst; Amcal, Coles, Bunnings, Spotlight, Woolworths, CBA, ANZ and more.
+ Horsham: Wimmera’s commercial and retail capital with a trade catchment of circa 55,000 people and annual economic output of $7.481 billion.**** The region produces more than half of Victoria’s total grain crop, oilseeds and pulses.*****
+ Potential 50% stamp duty savings.
+ Rent: $109,999 pa* + GST.

To be sold via Investment Portfolio Auction 167
10:30am (AEDT) Wednesday 27 March 2024
River Room, Crown Casino, Melbourne

Bidder registration required, register here.

Please contact the exclusively appointed sales team for more information.

*Approx
**NAB
***ASX – as at 23 Feb 24
****Remplan
***** Wimmera Development Association

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Bank
Land Size
607 SQM
Building Area
491 SQM

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