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Officeworks, 15-17 Victoria Street Taree, NSW 2430

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Officeworks, 15-17 Victoria Street Taree, NSW 2430

Shop & Retail
Sold Price

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Land area

2945.0m²

Floor area

1582.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

14 Dec 2017

Secure Triple Net Wesfarmers Lease

  • Secure 8 yr lease + options to 2041
  • New 1,582sqm building constructed 2013
  • Fixed 3% increases assuring growth

Secure 8 year lease to 2021 plus options through to 2041

Fixed 3% increases – assuring growth

Lessee pays usual outgoings including Land Tax, as per lease

Officeworks: Australia’s largest retailer of office supplies, wholly owned by Wesfarmers Limited – ASX Top 10 company Market Cap $48.61 billion

Immaculate 1,582 sqm building constructed 2013

High profile 2,945 sqm main road site, with combined frontage of 80 metres incl. rear ROW

Important 35 on-site car spaces

Amongst national traders incl. KFC, Toyota, Shell Coles Express & Autobahn

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

Substantial income saving depreciation

Net Income: $325,696 pa + GST

Auction 11am AEDT Tuesday 12 December 2017

Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Property ID: 502632570Last Updated: 15 Feb 2018

Agency contacts

Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
Burgess Rawson - Sydney

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Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street
SYDNEY, NSW 2000
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Raoul Holderhead
Burgess Rawson - Melbourne
Officeworks, 15-17 Victoria Street Taree, NSW 2430

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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