Flagship Westpac – ASX Listed Banking Giant Located in Thriving Retail Hub

Burgess Rawson is pleased to present this freehold Westpac Bank investment at 99 Beaumont Street, Hamilton to the market for sale via our Investment Portfolio Auction 166.

This outstanding opportunity has the following key investment highlights:

+ 5 Year net lease to June 2028 plus further option to 2033
+ Major Westpac upgrade to premises scheduled for 2024, incorporating a new St George Bank to operate in tandem with Westpac Bank
+ One single lease to Westpac over entire property, allowing ease of management
+ Westpac: top 5 ASX listed company (ASX: WBC) serving 12.7 million customers, with a market capitalisation of $81.55b^
+ In 2008 St George became part of the Westpac group and remains one of Australia’s leading retail and business banking brands
+ Attractive 3% annual rent increases, ensuring growth
+ Outgoings 100% paid by Westpac Bank, as per the Lease
+ Large 1,265sqm* freehold site boasting dual street frontage to Beaumont Street & Murray Street at the rear
+ 11* valuable onsite car spaces easily accessed via Murray Street
+ Rare & substantial future landbank opportunity on one of Newcastle’s strongest retail strips, situated less than 3km* from Newcastle CBD
+ Surrounded by major brands Australia Post, ANZ, Commonwealth Bank, Greater Bank & Guzman y Gomez
+ Includes Men’s Shed tenancy, featuring valuable dual street frontage (also coming under the Westpac lease and so Westpac responsible for 100% of rental)
+ City of Newcastle: key growth region supporting a population of 171,528+ people^^
+ Net Income: $220,000 pa* + GST

To be sold by Investment Portfolio Auction 166
10:30am AEDT Tuesday 20 February 2024
Sydney Opera House, Yallamundi Rooms

Please contact the exclusively appointed team for more information.

*Approx.