Gross Waddell ICR is pleased to present an outstanding investment opportunity with future value add (STCA).
Leased to National Australia Bank (NAB), the property was purpose built for them over 30 years ago. They are clearly committed to the location having signed a new 4 year lease with further options.
Key attributes of offering include:
Building Area: 396 sqm*
Land Area: 680 sqm*
Significant 16m* frontage to Brook Street
Tenant: National Australia Bank
Lease Term: 4 + 2 + 2 years
Current Rental: $120,000* p.a. net + GST
Fixed 3.5% annual increases
Tenant pays all outgoings including Land Tax on a single holding basis
Significant potential future value add (STCA)
Tenant has been in occupation for 30+ years
*Approx.
For further details, please contact Gross Waddell ICR exclusive agents directly.
