CBD Accounting Tenant Investment - 7.5%-8% Yield Anticipated
Description
Burgess Rawson is pleased to offer to market 135 Beardy Street, Armidale NSW for sale via Expression of Interest.
The property has the following key investment highlights:
+ Lease to long established accounting firm to 2027 + options to 2037
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance and land tax (single holding)
+ Roberts + Morrow: long 70+ year history, boasting 7 locations**
+ Guaranteed rental growth, fixed 3% annual increases
+ Prime location in Armidale CBD located in the main professional, medical and government strip
+ Armidale, historic capital of the wealthy New England High Country supporting population of circa 30,000 residents & growing^
+ Substantial 569 sqm freehold landholding near Coles Shopping Centre, Post Office & Council car park
+ Commanding 896.5 sqm building offering impressive and extensive commercial fitout + basement parking for 10 cars
+ Net Income $210,910 pa* + GST
To be sold by Expressions of Interest with Offers Closing Thursday 4 April at 4:00pm AEDT (unless sold prior).
Please contact the exclusively appointed sales team for more information.
*Approx
**rm.net.au
^profile.id.com.au
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Contact agents
Rhys Parker Partner
0451 101 042Kieran Bourke Partner
0417 418 007Flynn McFall Sales Executive
0481 187 191Enquiry Form
Armidale, NSW
135 Beardy Street
- Sold Price: Contact Agent
This property was sold as part of Portfolio 167
Contact agents
-
Rhys Parker Partner
0451 101 042 -
Kieran Bourke Partner
0417 418 007 -
Flynn McFall Sales Executive
0481 187 191