Freehold Large Format Retail Investment. 10 Year Lease. Recent 10 year lease to Wayne's World to August 2025 + option. Wayne's World: discount variety chain with 9 stores in NSW & QLD. Moree: major agricultural centre, with a wealthy local demographic. Strong resident population of 13,429 people. Superb retail location proximate to national brands including. Harvey Norman, Woolworths & major banks. Landmark retail building on high profile 648 sqm corner. Attractive fixed 3.5% annual rental increases. Easily managed, single tenanted investment. Net Income: $94,021 pa + GST.
HERITAGE PREMISES 4 large offices * large reception area with open fire place * board room with open fire place * huge enclosed storage/sunroom * kitchen * bathroom * open verandahs * split system air-conditioning throughout * ceiling fans * carpark at rear * double car accommodation * many original features * CBD location (Auburn Street) * currently returning $35,750 per annum (GST inclusive)
199 BALO STREET, MOREE - $670,000 420m² approx. of commercial space plus storage and parking at rear * renovated 2005 * 2 tenants on 3 x 3 year leases * lot size 600m² aprox. * 1 Government tenant * both leases expire 30th April 2008 * Outgoings paid by the tenants * Annual Rent $67,730pa * 5% annual increase or CPI whichever is greater (on shopt 2 only)