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 101 042
Kieran Bourke Partner
0417 418 007
Flynn McFall Assistant Sales Executive
0481 187 191
Enquiry Form

Narrabri, NSW

104 Maitland Street

For Sale by Expression of Interest

This property is part of Portfolio 169

Price: Contact Agent

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