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Secure Triple Net Wesfarmers Lease

15-17 Victoria Street, TAREE NSW, 2430

Sold

Property Sold in 15-17 Victoria Street, TAREE NSW, 2430

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11273126
Status:
Sold
Price:
Auction
Last Updated:
29/05/2020
Icon building

Property Type

Retail
Icon square

Land Area

2945 SQM
Icon size

Floor Area

1582 SQM
Icon parking

Parking

N/A

Secure Triple Net Wesfarmers Lease

Secure 8 year lease to 2021 plus options through to 2041
Fixed 3% increases – assuring growth
Lessee pays usual outgoings including Land Tax, as per lease
Officeworks: Australia’s largest retailer of office supplies, wholly owned by Wesfarmers Limited – ASX Top 10 company Market Cap $48.61 billion
Immaculate 1,582 sqm building constructed 2013
High profile 2,945 sqm main road site, with combined frontage of 80 metres incl. rear ROW
Important 35 on-site car spaces
Amongst national traders incl. KFC, Toyota, Shell Coles Express & Autobahn
Greater Taree City: population of 50,242 generating $3.27 billion in GRP – population forecast to grow by over 40% to 70,708 by 2036
Substantial income saving depreciation
Net Income: $325,696 pa + GST

Auction 11am AEDT Tuesday 12 December 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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