Blue Chip Freehold Bank Investment Double Shop Frontage in Busy Coastal City

70-74 horton street, port macquarie nsw

Price: $4,160,000

Property Details

Renewed lease to 2020 plus options to 2029
National Australia Bank: ASX top 10 company with over $6.6 billion in profit in FY 2017
Long term branch with business banking for Mid North Coast
Port Macquarie Hastings: strong resident population of 80,261 people forecast to grow by over 28% to 102,926 by 2036
Purpose built bank branch with latest NAB fit out
Large 597.40 sqm landholding with 5 valuable parking spaces
Single storey building with double shop frontage and long term redevelopment potential (STCA)
Key bank location, surrounded by St George, CBA, Westpac, Greater Bank and ANZ, near the main shopping mall and car park
Guaranteed income growth: 3% annual rent increases
Tenant pays all outgoings, as per lease
Easily managed, prestige single tenant investment
Net Income: $277,000 pa + GST (on settlement)

Featured Details

Current Tenant Tenanted
Gross Building Area 1 sqm
Land Size 597 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: NSW003167

Thank you for showing interest in us.

Contact Details

Office Details

Level 18, 15 Castlereagh Street, Sydney NSW 2000

T 02 9232 6288 E sydney@burgessrawson.com.au

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