378-382 Cressy Street Deniliquin NSW 2710
- 615 m²
Blue Chip Government Tenant And A NET Return Of Nearly 8%
· 3 x 3 year lease commencing August 1st 2020
· $92,232.00 gross annual income with CPI adjustments
· Land area 1,012m2 with covered off street parking and rear access
An absolutely PRIME commercial investment situated right in the heart of the Deniliquin C.B.D. with 20 metres frontage to both Cressy Street at the front, and Whitelock Street at the rear. Constructed predominantly of brick with reinforced concrete floor and metal roof the building is leased to NSW Government Murrumbidgee Local Health District who have occupied the building continuously since 2008. The current 3 year lease with M.L.H.S. commenced on August 1st 2020 and has a further 3 year option to July 31st 2026 with rent to be reveiwed to market. Base rent is $83,847 per annum plus GST with annual CPI adjustments.