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Sold on 10 Nov 2020

61 Maitland Street Narrabri NSW 2390

  • Shop & Retail
  • 800 m²
  • Sold

New 5 +5 + 5 Year Lease to ASX Tenant 8% yield expected Essential Service Tenant

    5 year lease
    ASX listed tenant with over $820m in revenues (2020)
    Essential service, share price has more than doubled since Covid-19
    The Reject Shop: dominant market player with over 340 shops nationwide
    New deal with global Supermarket giant, Tesco, to stock 300 new grocery products
    Substantial 1,016 sqm site with two street frontages
    Newly refurbished 705 sqm building with rear parking & access/loading
    High profile main road location
    Narrabri: strong agricultural economy and new major coal seam gas site with $3.62 Bn investment just announced
    Valuable depreciation benefits
    Valuable annual 3% rent increases (net income $166,277* in 2022)
    Easily managed single tenant investment

    Net Income: $159,650 pa + GST

    For Sale by Auction
    10.30AM (AEDT) Tuesday, 10 November 2020
    at AuctionWorks, 50 Margaret Street, Sydney NSW 2000

    AUCTION

    Auction date and time10/11/2020 10:30
    Auction locationAuction Centre - 50 Margaret Street, Sydney

    Property Highlights

    Property ID2016518685
    Date Sold10 Nov 2020
    Floor Area800 m²
    Land Area1,016 m²
    ParkingAsk Agent
    Category
    Last updated  13 Nov 2020
    Map for 61 Maitland Street Narrabri NSW 2390
    Map for 61 Maitland Street Narrabri NSW 239061 Maitland Street Narrabri NSW 2390
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

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    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Property Highlights

    Property ID2016518685
    Date Sold10 Nov 2020
    Floor Area800 m²
    Land Area1,016 m²
    ParkingAsk Agent
    Category
    Last updated  13 Nov 2020
    Burgess Rawson Sydney
    Level 18, 15 Castlereagh Street Sydney NSW 2000

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