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Westpac, 116 Murwillumbah Street Murwillumbah, NSW 2484

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Sold

Westpac, 116 Murwillumbah Street
Murwillumbah, NSW 2484

Shop & Retail • Offices
Sold Price

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Land area

322.0m²

Floor area

481.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

09 Apr 2018

SOLD - NSW's Fastest Growing Region, Blue Chip Freehold Investment

  • Renewed 10 Year Lease + 5 Year Option
  • Tenant pays all outgoings inc Land Tax
  • Guaranteed rental growth, CPI+2%
• Renewed 10 year lease to 2021 plus option to March 2026
• Northern Rivers Region – Fastest Growing Region in New South Wales
• Westpac – ASX listed company with a market cap of 103.28 Billion, member of the ‘Big 4 Banks’. Westpac has 13.1 million customers and is Australia’s largest branch network with 1429 branches and 3850 ATMs
• The building has been a banking asset for 40+ years
• High profile corner location, adjacent to IGA and retail arcade, opposite Australia Post and behind Mitre 10
• Tweed Shire: Murwillumbah is located within the Tweed Shire council, population of 93,458. Murwillumbah is part of the fastest growing region in NSW being the Northern Rivers region
• Tenant pays all usual outgoings including Land Tax
• Secure, minimum management asset
• Annual Rent Increases CPI+2%
• Net Income: $95,425pa + GST (assume 3% increase April 2018)

For Sale via Expressions of Interest closing on Thursday 22nd March 2018 at 4pm AEDT.

Property ID: 502723518Last Updated: 28 May 2018

+61 *** ***
Westpac, 116 Murwillumbah Street
Murwillumbah, NSW 2484

Agency contacts

Cushman & Wakefield - Brisbane

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Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street
BRISBANE CITY, QLD 4000
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Send to:

Tom Moreland
Cushman & Wakefield - Brisbane
Westpac, 116 Murwillumbah Street Murwillumbah, NSW 2484

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

Kind Regards,

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