Westpac, 301 Argent Street, Broken Hill, NSW 2880

Burgess Rawson is pleased to offer to the market this Westpac leased investment located at 301 Argent Street, Broken Hill NSW for sale via our upcoming Investment Portfolio Auction 175

The opportunity has the following key investment highlights:

+ Lease extended to December 2027 plus two further 3 year options
+ Premium tenant covenant, Australia's first company: Westpac
+ Top 5 ASX banking giant serving over 12.7 million customers, with a market cap of $108.2 billion*^
+ Attractive net lease terms with tenant responsible for 100% of all usual outgoings, as per the lease
+ Fixed 3.5% annual rental increases, ensuring compounding rental growth
+ Large 766sqm* freehold landholding complemented by valuable street frontage of some 15.3 metres* to Argent Street, the main street in the Broken Hill CBD
+ Improved with substantial bank branch plus 16 accommodation rooms
+ Broken Hill: largest regional centre in the western half of NSW
+ Net Income: $103,009 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 25 March 2025
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information

*Approx
^ASX: As of 26/2/2025