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Burgess Rawson - Sydney

The Reject Shop, 61 Maitland Street Narrabri, NSW 2390

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The Reject Shop, 61 Maitland Street,
Narrabri, NSW 2390

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Burgess Rawson - Sydney
The Reject Shop, 61 Maitland Street
Narrabri, NSW 2390
Burgess Rawson - Sydney

Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street
SYDNEY, NSW 2000

Map of The Reject Shop, 61 Maitland Street

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New 5 +5 + 5 Year Lease to ASX Tenant – 8% yield expected – Essential Service Tenant

  • Annual 3% rent increases
  • 5 year lease
  • Net Income: $159,650 pa + GST
5 year lease
ASX listed tenant with over $820m in revenues (2020)
Essential service, share price has more than doubled since Covid-19
The Reject Shop: dominant market player with over 340 shops nationwide
New deal with global Supermarket giant, Tesco, to stock 300 new grocery products
Substantial 1,016 sqm site with two street frontages
Newly refurbished 705 sqm building with rear parking & access/loading
High profile main road location
Narrabri: strong agricultural economy and new major coal seam gas site with $3.62 Bn investment just announced
Valuable depreciation benefits
Valuable annual 3% rent increases (net income $166,277* in 2022)
Easily managed single tenant investment

Net Income: $159,650 pa + GST

For Sale by Auction
10.30AM (AEDT) Tuesday, 10 November 2020
at AuctionWorks, 50 Margaret Street, Sydney NSW 2000

Property ID: 503662666Last Updated: 23 Nov 2020

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Burgess Rawson - Sydney
Burgess Rawson - Sydney
Level 18, 15 Castlereagh Street
SYDNEY, NSW 2000
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Michael Gilbert

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Michael Gilbert
Burgess Rawson - Sydney
The Reject Shop, 61 Maitland Street Narrabri, NSW 2390

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

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