LOCATION: The township of Raymond Terrace is located approximately 190kms north of Sydney on the Pacific Highway and approximately 30kms northwest of the city of Newcastle. The subject property has a commanding presence in a prominent position in the centre of the CBD
SITE AREA: Approximately 500m2
DESCRIPTION: Substantial two storey brick and tile building offering ground floor, occupied by the National Australia Bank, and additional retail/commercial space on the 1st floor which can be let to an additional lessee
BUILDING AREAS: Ground Floor 337.7m2 (occupied by National Australia bank)
First Floor 150.2m2 (Currently available for lease)
TOTAL AREA 487.9m2 (As per plans supplied)
TENANCY DETAILS: National Australia Bank ACN 004 044 937 (Ground floor only)
TERM: 10 years expiring on the 31st October 2024
OPTION: Three (3) 1 year option periods
RENT REVIEW: Annual CPI reviews with Market Review upon 1st option period
OUTGOINGS: National Australia Bank pay 73% of outgoings excluding Capital Costs
Upon leasing of the vacant 1st floor the new lessee would be expected to pay the additional 27% of outgoings dependent upon negotiations
CURRENT RENTAL: $80,473 GST exclusive per annum for ground floor only + 73% of outgoings. (The vacant 1st floor is currently advertised at $20,000 per annum GST exclusive plus 27% of outgoings
STATUTORY OUTGOINGS: Land rates (1/7/22 30/6/23) $5,806.76
Water rates (based on previous 3 accounts) $1,441.49
Insurance GST inclusive (paid by lessor) $5,539.00
This information has been provided to us by third parties and we do not accept responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.
