170-172 Baylis Street Wagga Wagga NSW 2650

Next Commercial is pleased to present 170-172 Baylis Street, Wagga Wagga NSW for sale.

170-172 Baylis Street is secured by Australian retail icon Best & Less. This investment presents an outstanding opportunity to acquire an asset offering defensive set and forget investment fundamentals.

Best & Less have occupied the property for 30+ years and have recently renewed a 5 year lease backed by parent company Best & Less Group Holdings Ltd. (ASX:BST), whilst being located in the heart of the towns main street opposite the Sturt Mall Shopping Centre.

Best & Less Group (BLG) is a leading value apparel specialty retailer with an omni channel sales network comprising 250 physical stores and an online platform. BLG operates in Australia and New Zealand through its two trusted brands: Best & Less (186 stores in Australia) and Postie (63 stores in New Zealand).

+ Brand new 5 year lease extension commenced 1 July 2023 plus option to 2033
+ Best & Less - long-standing tenant in occupation for 30+ years
+ Best & Less operates 186 stores nationwide, primarily focusing on regional areas
+ Dominate 1,313sqm* main street site extensively refurbished internally and externally providing customer parking at the rear
+ Wagga Wagga: NSW largest inland city, population of 68,227 which is expected to grow by over 12% to 2036
+ Fixed 3.5% annual increases
+ Annual net Income $267,620* +GST

To obtain an Information Memorandum or to arrange a site inspection, please contact exclusive marketing agents:

Ryan Cross
Next Commercial
m: 0402 147 124
e: ryan.cross@nextcommecial.com.au

Anthony Bray
Next Commercial
m: 0419 322 233
e: anthony@nextcommercial.com.au