Renewed lease to NSW Government until 2019 + option to 2021.
NSW Government established in this location for around 14 years.
Greater Taree City: population of 50,242 generating $3.27 billion in GRP.
Population forecast to grow by over 40% to 70,708 by 2036.
Superb location in Taree’s main administrative & professional precinct.
Functional layout with reception, open plan areas, offices and conference rooms.
Substantial 1,505 site in ideal position overlooking the Manning River.
19 secure fenced car parking spaces including 9 covered spaces.
Net lease, tenants pay outgoings as per lease.
Guaranteed rental growth, fixed 3% annual rental increases ($190,962 pa in 2018).
Easily managed freehold investment.
Net Income: $185,146 pa + GST.