Burgess Rawson & Moree Real Estate are pleased to offer to the market the NAB at 141-143 Maitland Street, Narrabri for sale via Investment Auction Portfolio 170. 

The property has the following investment highlights:

+ Renewed five (5) year lease to 2027 plus two (2) further three (3) year option to 2033.
+ National Australia Bank: Top 10 ASX listed financial institution with over 10 million customers and 38,000 employees and $112.2 billion market cap. (1)
+ Prime 519sqm* freehold site, with rear access and exposure plus on-site parking for 3 vehicles.
+ Long standing national tenant, in occupation since 1999.
+ Landlord favourable net lease terms with tenant paying all usual outgoings including land tax, as per the lease.
+ Fixed annual 2.5% rental increases.
+ High profile 360 sqm* building, with recent tenant funded upgrades completed in 2022.
+ Position perfect within the Narrabri CBD and surrounded by key national retailers including Woolworths & Coles Supermarkets, Westpac, CBA, ANZ , McDonalds & KFC (2) + Narrabri: located in the heart of north west NSW, an important inland logistic and resource hub, with over 12,700 residents and an annual economic output of $5.7B, 62.3% of which is generated from the mining industry. (3)
+ Rent: $57,784 pa* + GST as at August 2024.

For Sale by Investment Portfolio Auction
10:30am AEST Tuesday 6 August 2024
Yallamundi Rooms, Sydney Opera House

Bidder registration required, register here.

Please contact the exclusively appointed sales team for more information.

* Approx 1 ASX-as at 02 Jul 24 2 Gapmaps 3 Remplan