Strategic Position in Busy Main Retail Street.
Secure 5 year lease to October 2019 + options to 2029.
St George Bank: one of Australia’s leading retail & business banking brands.
Greater Taree City: strong resident population of 50,242.
Population forecast to grow by over 40% to 70,708 by 2036.
Large freehold site in retail heart of the main street of Taree.
Quality two storey building with business banking on the first floor.
Valuable onsite parking + convenient large council carpark at the rear.
Modern St George retail banking fit-out.
Guaranteed rental growth, fixed 3% increases ($109,782 pa + GST in 2018).
Net lease, tenant responsible for the payment of outgoings, as per the lease.
Net Income: $106,584 pa + GST (October 2017).