Renewed Net Lease to ASX Listed Westpac | Important Regional Agribusiness Branch

Burgess Rawson in conjunction with LMB Livestock & Land are pleased to offer to the market, Westpac, Hamilton VIC for sale via our Investment Auction Portfolio 161.

The property has the following investment highlights:

+ Renewed Three (3) year lease to May 2026, plus options to 2032.
+ Westpac: top 5 ASX listed banking giant, servicing 12.7 million customers with a market cap of $73.4 billion.**
+ Secure, set-and-forget net lease structure with Westpac responsible for all usual outgoings including Land Tax.
+ Fixed compounding 3% annual rent increases, ensuring income growth.
+ Commanding 486sqm* two-level branch incorporating retail, agribusiness and business banking services.
+ Key regional branch servicing large trade catchment with the next closest Westpac being a 1hr 15m* drive.
+ Prime 369sqm* site on main retail strip with important dual street frontage.
+ Position perfect, with Coles, Woolworths, ALDI, McDonalds, Kmart, IGA, Harvey Norman and KFC all within 700 metres*.
+ Hamilton: the main retail and service centre within the Southern Grampians Shire, servicing a trade catchment of over 20,000 people.***
+ Potential 50% stamp duty savings.
+ Net Income: $78,939pa* + GST

To be sold by Investment Portfolio Auction:
10:30am AEST
Wednesday 21 June 2023
Crown Casino, Melbourne VIC

*Approx
**Westpac.com.au
***GapMaps