Brand New 5 Year Lease to ASX Listed Giant

Description

Burgess Rawson are delighted to present to the market 64 Percy Street, Portland VIC for sale via Investment Portfolio Auction 173.

+ Renewed 5 year lease to National Australia Bank to December 2029
+ No further option
+ NAB: ASX listed giant Market Cap circa $118 billion
+ Annual CPI rent reviews
+ NAB pay all usual statutory outgoings including Land Tax
+ Prime central 776sqm sqm site (including common property) with 10.5 metre retail frontage
+ Important Commercial 1 zone
+ Large modern versatile 450sqm* single level building
+ Includes covered car park on site (rear common property)
+ Central CBD location amongst Aldi, Woolworths, IGA, Amcal, Guardian Pharmacy, Westpac, CBA, Australia Post etc
+ Potential 50% stamp duty savings
+ Portland Port: One of Australia busiest regional ports and the largest sustainable hardwood chip export in the world.
+ Portland: major commercial centre with multiple economic drivers including shipping, commercial fishing, agriculture and tourism.
+ Net Income: $87,984pa* + GST

For Sale by Portfolio Auction Investment 173
10.30am (AEDT), Wednesday 11 December 2024
River Room, Crown Casino, Melbourne

* Approximate

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Contact agents
Raoul Holderhead Partner
0413 860 304
Mark Foster Sales Cadet
0475 454 431
Enquiry Form

Portland, VIC

64 Percy Street

For Sale by Portfolio Auction
Wednesday 11th December 10:30AM Crown Casino - River Room - Melbourne

This property is part of Portfolio 173

Price: Contact Agent

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