CBD Accounting Tenant Investment - 7.5%-8% Yield Anticipated

Description

Burgess Rawson is pleased to offer to market 135 Beardy Street, Armidale NSW for sale via Expression of Interest.

The property has the following key investment highlights:

+ Lease to long established accounting firm to 2027 + options to 2037
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance and land tax (single holding)
+ Roberts + Morrow: long 70+ year history, boasting 7 locations**
+ Guaranteed rental growth, fixed 3% annual increases
+ Prime location in Armidale CBD located in the main professional, medical and government strip
+ Armidale, historic capital of the wealthy New England High Country supporting population of circa 30,000 residents & growing^
+ Substantial 569 sqm freehold landholding near Coles Shopping Centre, Post Office & Council car park
+ Commanding 896.5 sqm building offering impressive and extensive commercial fitout + basement parking for 10 cars
+ Net Income $210,910 pa* + GST

To be sold by Expressions of Interest with Offers Closing Thursday 4 April at 4:00pm AEDT (unless sold prior).

Please contact the exclusively appointed sales team for more information.

*Approx
**rm.net.au
^profile.id.com.au

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Contact agents
Rhys Parker Partner
0451 101 042
Kieran Bourke Partner
0417 418 007
Flynn McFall Assistant Sales Executive
0481 187 191
Enquiry Form

Armidale, NSW

135 Beardy Street

For Sale by Expression of Interest

This property is part of Portfolio 167

Price: Contact Agent

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