Freehold bank investment securely leased to Commonwealth Bank.
Recently renewed lease to 2019 plus options to 2025.
Commonwealth Bank, top 20 ASX publicly listed company established in Australia, New Zealand, Europe, Africa & Asia-Pacific.
The largest banking customer base in Australia, employing 52,000 people.
Casino – the largest town in the Richmond Valley Council Area which has a population of 23,181 generating $1.025 billion in GRP.
Large 761 sqm freehold site with wide frontage to Barker Street, substantial two storey building, 2 ATM’s and parking at rear.
Main retail strip location near NAB, Westpac, ANZ and Australia Post.
Net lease, tenant pays outgoings, as per lease.
Easily managed, single tenanted investment.
Net Income $71,000 pa + GST.