21 Bourke Street Raymond Terrace NSW 2324

Knight Frank Newcastle is pleased to offer Lear & Smith, 21 Bourke Street, Raymond Terrace to the market For Sale.

Occupied by nationally recognised tenant, Rexel Australia trading as Lear & Smith Electrical Wholesalers, Rexel has been in the Australian electrical industry for over 100 years with a nationwide network of 127 branches.

Key investment highlights include:
- Lear & Smith have been in occupation at the property for 15 years
- High profile 867 sqm* GFA building, comprising a modern LFR showroom and rear warehouse and hardstand area
- Expiring lease term of 30 June 2025, allowing for potential rental upside
- Current passing income of $120,230* net per annum (plus GST) equating to $138/sqm
- Strategic position that has strong fundamentals (main road exposure and is 250 m* from MarketPlace Raymond Terrace, a large regional shopping centre)
- Port Stephens LGA is home to over 75,000* people

For more information or to arrange an inspection, please contact the exclusive selling agents.

*Approximate