First National Commercial Shultz/Taree & Burgess Rawson are pleased to present this impressive, high profile NSW Government leased investment located at 91 Victoria Street, Taree to the market for sale via Burgess Rawson's Investment Portfolio Auction 165.
The investment has the following key investment highlights:
+ Recently renewed 5 year net lease to NSW Government to 2028, plus further 5 year option extending to 2033 + Corrective Services NSW: supervising offenders & deliver programs to reduce re-offending, and facilitate reintegration for a safe community + Government Social Infrastructure: government funded, highly reliable and stable asset class + Prime 1,406sqm* corner site with 62m* combined frontage + New 535sqm* complex built in 2018 + Important 17 on-site car spaces + Strong growth area with the Taree population forecast to grow by 17.6% by 2041 + Compounding 3% rental increases, ensuring income growth + Tenant pays outgoings including land tax and management fees, as per the lease + Taree: retail & commercial capital of the Mid Coast council, trade catchment circa 93,800 + Net Income: $159,703 pa* + GST
To be sold by Investment Portfolio Auction 165 10:30am AEDT Tuesday 5 December 2023 Sydney Opera House, Yallamundi Rooms
For full particulars, contact Dan Shultz, 0408 653 022 or Rhys Parker, 0451 101 042
