37-39 Banna Avenue Griffith NSW 2680

Burgess Rawson is pleased to offer to the market Coates located at 37-39 Banna Avenue, Griffith NSW for sale via our investment Portfolio Auction 176.

The opportunity has the following investment highlights:

+ Recent 5 year net lease to December 2029, with options extending to December 2039
+ Coates: Australia's largest industrial & general equipment hire company with 145 branches and wholly owned by ASX giant Seven Group Holdings (SGH), with a market cap of $19.1b*^
+ Riverina Region: booming economic hub with an output of $34.4b and home to 175,000 people^^
+ Griffith City: thriving inland city with a GRP of $2.24b^^^ and famously known for its rich manufacturing and agricultural production
+ Large 7,058sqm* freehold site boasting street frontage of 63.4m* to Banna Avenue, a thoroughfare through Griffith's industrial precinct
+ Improved with large warehouse plus separate vacant office which can be leased for additional income
+ Fixed 3% annual rent increases, ensuring compounding rental growth
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance and land tax (single holding basis), as per lease
+ Net Income: $202,409 pa* + GST

To be sold via Investment Portfolio Auction
10:30am AEST Tuesday 13 May 2025
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information

*Approx
^ASX as of 14/04/2025
^^remplan.com.au
^^^economy.id.com.au