We are pleased to offer 93 - 95 Wilson Street, Burnie, Tasmania for sale by Private Treaty at $1,400,000 + GST (if applicable). Leased to Westpac, a top 5 ASX listed company with a market cap of 76.46* billion and situated in the heart of the Burnie CBD, this asset provides a perfect mix of quality lease covenant and highly identifiable, 'main street' CBD exposure.
Renewed five-year lease to June 2027, plus tenant option to 2032
Net lease structure (excludes land tax)
Westpac pays rates, water and building insurance
Annual 3.00% fixed increases, market review at option
Highly visible 654 sqm * 'main street' branch
Incorporates retail and business banking services
Key branch servicing the CBD and large rural catchment
Next closest Westpac branch ~ 47.5* km east in Devonport
Estimated Net income $93,082.13 pa excl. GST (before owners outgoings)
For further information or to arrange an inspection, please contact Clinton O'Keefe or Nicholas Bond.
