Affordable Westpac Bank Investment Prime Freehold CBD Corner

View Larger Images

Sold

Images copyright Burgess Rawson View Policy

High profile corner freehold site
Fixed 4% pa rent increases
Net 7 year lease to Westpac

Property Details

For Immediate Sale - Contact Agent if Interested

7 year lease to Westpac to October 2019
Two further 2 year options added to lease this year
Easily managed, Westpac are Australia’s oldest and 2nd largest company
Gunnedah, diverse local economy and growing Shire population
Underpinned by agriculture + significant coal & gas reserves in the region
High profile 301 sqm corner freehold site in vibrant main street CBD position
Attractive two storey building with ATM & quality bank fitout
Branch boasts retail & business banking servicing a substantial catchment
Surrounded by supermarkets, major banks and national retailers
Guaranteed income growth, fixed 4% annual rental increases
Net lease, tenants pay outgoings, as per the lease

Net Income: $65,352 pa + GST
Indicative Price: $895,000 (7.30% yield)

*Agent interest declared by co-agent George Avard Rural Property Sales*