High Yielding Investment - Circa 9% Anticipated

Description

Burgess Rawson is pleased to offer this high yielding Kmart anchored freehold for sale at 75-83 Lachlan Street, Forbes NSW. This premium retail investment property will be available for purchase through our Investment Portfolio Auction 169.

The property has the following investment highlights:

+ 100% leased freehold building anchored by Kmart (71% of total income)
+ Kmart on renewed 3 year net lease plus options to 2036
+ Retail giant Kmart with 325 locations across AUS/NZ, wholly owned by Wesfarmers Ltd – ASX top 10 company market cap $73.1B*
+ Massive 2,756sqm* CBD landholding, 164m* triple frontage
+ Prime CBD location close to major tenants including Westpac, Anytime Fitness, Woolworths and Service NSW
+ Central West & Orana region set to grow to 325,000 people by 2041
+ Net Income: $195,009 pa* + GST

To be sold by Investment Portfolio Auction
10:30 am AEST Tuesday, 25 June 2024
Yallamundi Rooms, Sydney Opera House

*Approx

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Contact agents
Kieran Bourke Senior Director
0417 418 007
Rhys Parker Partner
0451 101 042
John Ingui Negotiator
0486 011 406
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Forbes, NSW

75-83 Lachlan Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 169

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