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Sold on 4 Dec 2018

46-50 Bridge Street Muswellbrook NSW 2333

  • Retail
  • 510 m²
  • Sold

ASX Listed Tenant, Iconic Building, Prime CBD location

  • National Australia Bank Ltd (ASX: NAB)
  • Net income: $88,532* pa + GST
  • Long standing tenant: 34+ years

Leased to one of Austalia’s ‘Big 4 Bank’ within the heart of Muswellbrook, Cushman & Wakefield are pleased to bring to the market 46-50 Bridge Street. Occupied for more than 34 years by the same tenant, this recently refurbished building offers an outstanding opportunity to secure a strategically positioned asset within the Muswellbrook CBD.

The property has the following key characteristics:

- Renewed 3 year lease to 2021 plus options to 2027

- Leased to National Australia Bank (NAB) – ASX listed company with market capitalisation of $76.4 Billion, member of the ‘Big 4 Banks’. NAB has over 35,000 employees, serving 9,000,000 customers at more than 900 locations in Australia, New Zealand and around the world.

- Long standing tenant with occupation of 34+ years

- Newly installed ATM and recent refurbishments

- Iconic CBD location on Muswellbrook’s main retail/ commercial strip.

- Muswellbrook – strong regional town within the Hunter Valley, supported by mining, tourism and agriculture.

- 11 car parks on title

- Annual CPI rent reviews

- Tenant pays 100% of outgoings

- Net income: $88,532* pa + GST

*Approx

AUCTION

Auction date and time18/09/2018 10:30
Auction locationLevel 22, 1 O’Connell Street, Sydney NSW 2000

Property Highlights

Property ID2014579570
Date Sold4 Dec 2018
Floor Area510 m²
Land Area792 m²
Parking11 x Onsite parkings
Category
Last updated  25 Sep 2018
Map for 46-50 Bridge Street Muswellbrook NSW 2333
Map for 46-50 Bridge Street Muswellbrook NSW 233346-50 Bridge Street Muswellbrook NSW 2333
Cushman & Wakefield Sydney
Level 22 1 O'connell Street Sydney NSW 2000

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