MRE and Burgess Rawson are pleased to offer to the market Westpac at 104 Maitland Street, Narrabri NSW for sale via private treaty.

The property has the following investment highlights:

+ Recent 5 year lease to Westpac to 2028 plus options to extending to 2034
+ Westpac: top 5 ASX listed banking giant (ASX: WBC) serving 12.7 million customers, with a market capitalisation of $92.32b^
+ Landlord friendly net lease, tenant pays outgoings, as per the lease
+ Compounding fixed 3% annual rental increases, ensuring income growth
+ Substantial 1,246 sqm* CBD landholding in close proximity to several national brands including Woolworths, Coles and McDonalds.
+ Strategic positioning on Maitland Street, the primary thoroughfare through Narrabri’s business district.
+ Easily managed premium tenant investment
+ Narrabri: strong and vibrant regional growth centre supported by a diverse business sector
+ Net Income: $107,570 pa* + GST

Please contact the exclusively appointed sales team for more information

*Approx
ASX: As of 28/05/2024