QUALITY BLUE CHIP INVESTMENT - 9.5% GROSS RETURN Located in the heart of the Armidale CBD in close proximity to the East Mall and ‘Coles Complex – The Food Emporium’ this well maintained property offers bold corner exposure with rear secure carpark & a 9.5% gross return. The investment opportunity is highly recommended to the private investor or the Self-managed Superfund for the combination of the long term secured tenancies coupled with the buildings prime CBD position within the heart of Armidale and Armidale being a very sound and stable investment City.
Renewed 5 + 5 Year Government Lease Core CBD landholding of 1,466sqm. Affordable investment 100% occupied by DOCS. Secure lease to April 2018 + 5 year option. Favourable net lease with tenant paying all outgoings as per lease including land tax. Modern 2 storey bldg, major tenant upgrade in 2009. Strategic CBD position between Armidale Plaza (Target, K Mart) and Centro Shopping Centre. 16 onsite carparks and 2 street frontages. Thriving city servicing "New England" (25,000 pop.). Potential self managed super fund (SMSF) property. Net Income: $183,250pa + GST.
For sale in Burgess Rawson Portfolio Auction 83 on:
Dan Murphy's & Dick Smith - Double Income Double Security Dan Murphy's 15 year lease plus 40 years of options to April 2066. Dick Smith 10 year lease plus 15 years of options to Jan 2036. Both tenants pay increases in outgoings. City centre main street prominence neighbouring Coles, Kmart, Woolworths, Big W plus numerous specialty shops & services. Quality updated air conditioned building of 2,000 sqm plus 90 car spaces. Armidale: A major regional city with a growing population of 24,105 (ABS 2011) and an estimated catchment of 115,000. Significant education base, both multiple state and exclusive schools plus highly regarded University of New E...
NSW Government Leased Investment. 5 + 5 + 5 year lease. NSW Government tenant. Tenant pays outgoings, as per leases. Large land holdings with on-site parking. Strategic locations in Sydney & major regional cities. Attractive 3% fixed rental increases.
167-169 Rusden St Armidale NSW Brand new 5 + 5 + 5 year lease. Key CBD location in vibrant New England region. Land size 2,693 sqm, building area 593 sqm. Net Income: $107,158 pa + GST.
Auction 12 noon Tues 23 June Venue: Sofitel Wentworth Hotel, Philip St Sydney
Blue Chip Bank Investment. Renewed 5 Year Lease. 100% leased to Commonwealth Bank. CBA lease to Nov. 2019 + option to 2024. Well presented 273.8sqm building completed 2004. Strategic position in heart of Armidale CBD. Purpose built for CBA following relocation. City of 25,000 population servicing "New England" Region. Annual 3% increases. Tenant pays all outgoings, as per lease. Net Income: $117,144 pa + GST.
Auction 2pm AEDT Tuesday 24 February 50 Margaret Street Sydney
Simon Staddon 0413 640 851
CO AGENT The Professionals Armidale John Sewell 0429 075 001
Outstanding Investment - Totally Refurbished
Long Lease Plus Options Secure 6 year lease to Feb. 2019 plus 3 x 5 year options Leased to subsidiary of Fairfax Media, ASX listed company Long term tenant in these premises Potential for future ground floor retail use 26,000 + population with growing educational, medical, retail, agricultural and tourism industries Central location close to banks, post office and major retailers On site parking plus extra storage building Single tenanted easily managed investment Extensively refurbished Appealing investor price bracket Net Income: $83,396 pa + GST
For Sale by Private Treaty Indicative Asking Price $885,000