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
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street, Melbourne, Vic
Property ID: 504636004