New 5 year lease to NSW Government.
2 x 5 year options to 2032.
Brand new Service NSW fit-out at tenant’s expense.
Inverell – strong Northern Tablelands town with agriculture, mining (sapphires and diamonds) and tourism.
IMPORTANT – substantial 3,410 sqm landholding on Inverell’s main street.
Newly and extensively refurbished building of 496 sqm.
Enormous depreciation allowances available.
Tenancy 2 – storage lease @ $20,000 pa.
Tenants pay outgoings, as per lease.
Rare 4% annual rent increases.
Easily managed freehold investment.
Net Income: $113,240 pa + GST.