Banking Giant Tenant Investment | Lease to December 2027 + Options | Net Lease with 3.5% Rental Increases

Description

Burgess Rawson is pleased to offer to the market this Westpac leased investment located at 301 Argent Street, Broken Hill NSW for sale via Private Treaty

The opportunity has the following key investment highlights:

+ Lease extended to December 2027 plus two further 3 year options
+ Premium tenant covenant, Australia’s first company
+ Attractive net lease terms with tenant responsible for the payment of outgoings, as per the lease
+ Fixed 3.5% annual rental increases, ensuring compounding rental growth
+ Large 766sqm* freehold landholding complemented by valuable street frontage of some 15.3 metres* to Argent Street, the main street in the Broken Hill CBD
+ Improved with substantial bank branch along with 16 accommodation rooms
+ Broken Hill: largest regional centre in the western half of NSW
+ Net Income: $103,009 pa* + GST

To be sold via Private Treaty

Please contact the exclusively appointed sales team for more information

*Approx
^ASX: As of 26/2/2025

Enquire

Contact agents
Rhys Parker Partner
0451 101 042
Flynn McFall Sales Executive
0481 187 191
Ben Parsonage
0455 331 841
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Broken Hill, NSW

301 Argent Street

For Sale

This property is part of Portfolio 175

Price: Contact Agent

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