High Yielding Modern Freehold Office Building. Securely Leased to Teleco Giant.
Description
Securely leased to Telstra until June 2019 + options to 2025.
Tenant in occupation over 13 years, significant recent fit-out.
Telstra: top 20 ASX publicly listed company, telecommunications giant tenant experiencing enormous growth.
Large 6,274 sqm site featuring massive 1,901 sqm purpose built facility.
Attractive modern building-among the best in Bathurst (constructed 2003).
Bathurst, strong resident population of 42,906, generating GRP of $2.14 billion.
Population expected to swell to 52,851 by 2036.
Central CBD location parallel to William Street, the main street in Bathurst.
Ample on-site parking.
Attractive 3% annual increases (net income $627,959 in 2019).
Easily managed single tenanted investment.
Attractive taxation depreciation benefits.
Net Income: $609,669 pa + GST (as at June 2017).
Price: $5,080,580.
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BATHURST, NSW
161 Bentinck Street
- Sold Price: Contact Agent