141 Fitzgerald Street East Northam WA 6401

- New 5 year lease to National Australia Bank
- Income $58,000 pa net
- Annual reviews
- Single tenant investment
- 546sqm block
- Improvements 350sqm*
- Zoned ‘Commercial’
- Prime location
- Occupied by the NAB since 1940

Introduction
This town-centre, single-tenant investment with a new 5-year lease has been occupied by National Australia Bank for over 75 years.

Improvements
Two-level brick and tile heritage-listed building featuring on the ground floor a banking premises with open plan service areas, offices, teller area, kitchen and an external ATM.
The first floor comprises NAB Agribusiness offices, kitchen and toilet.

Land Details
Lot 7 on Diagram 11282 Certificate of Title Volume 1065 Folio 737.

Zoning
The Shire of Northam advise that property is zoned ‘Commercial’.

Heritage
The property is listed on the Heritage Council State Heritage Register. Refer Selling Agent for further details.

Lease Particulars
Tenant National Australia Bank
Expiry 30 September 2023
Option 5 years to 30 September 2028
Income $58,000 pa net
Rent Reviews CPI Annually, Market on Review
Outgoings Payable by Lessee

Goods and Services Tax
The sellers are registered for GST and the property will be sold as a Going Concern.

Asking Price
$725,000 (GST Going Concern)