Prime CBD Westpac Investment

MRE and Burgess Rawson are pleased to offer to the market Westpac at 104 Maitland Street, Narrabri NSW for sale via private treaty.

The property has the following investment highlights:

+ Recent 5 year lease to Westpac to 2028 plus options to extending to 2034
+ Westpac: top 5 ASX listed banking giant (ASX: WBC) serving 12.7 million customers, with a market capitalisation of $92.32b^
+ Landlord friendly net lease, tenant pays outgoings, as per the lease
+ Compounding fixed 3% annual rental increases, ensuring income growth
+ Substantial 1,246 sqm* CBD landholding in close proximity to several national brands including Woolworths, Coles and McDonalds.
+ Strategic positioning on Maitland Street, the primary thoroughfare through Narrabri's business district.
+ Easily managed premium tenant investment
+ Narrabri: strong and vibrant regional growth centre supported by a diverse business sector
+ Net Income: $107,570 pa* + GST

Please contact the exclusively appointed sales team for more information

*Approx
ASX: As of 28/05/2024