Prime CBD Westpac Investment
Description
Burgess Rawson and Moree Real Estate are pleased to offer to the market Westpac at 104 Maitland Street, Narrabri NSW for sale via Private Treaty
The property has the following investment highlights:
+ Recent 5 year lease to Westpac to 2028 plus options to extending to 2034
+ Westpac: top 5 ASX listed banking giant (ASX: WBC) serving 12.7 million customers, with a market capitalisation of $92.32b^
+ Landlord friendly net lease, tenant pays outgoings, as per the lease
+ Compounding fixed 3% annual rental increases, ensuring income growth
+ Substantial 1,246 sqm* CBD landholding in close proximity to several national brands including Woolworths, Coles and McDonalds.
+ Strategic positioning on Maitland Street, the primary thoroughfare through Narrabri’s business district.
+ Easily managed premium tenant investment
+ Narrabri: strong and vibrant regional growth centre supported by a diverse business sector
+ Net Income: $107,570 pa* + GST
To be sold via Private Treaty
Please contact the exclusively appointed sales team for more information
*Approx
ASX: As of 28/05/2024
Enquire
Contact agents
Rhys Parker Partner
0451 101 042Kieran Bourke Partner
0417 418 007Flynn McFall Sales Executive
0481 187 191Enquiry Form
Narrabri, NSW
104 Maitland Street
For Sale
This property is part of Portfolio 169
For Sale via Contact Agent
Contact agents
-
Rhys Parker Partner
0451 101 042 -
Kieran Bourke Partner
0417 418 007 -
Flynn McFall Sales Executive
0481 187 191