Burgess Rawson is pleased to offer to market the National Indigenous Australian Agency, 1 Browns Lane, Port Augusta SA for sale via Auction Investment Portfolio 169.
The opportunity has the following key investment highlights:
+ Long Seven (7) year lease to 2029 plus options to 2039.
+ NIAA: federal government agency providing critical support to First Nations communities.
+ Port Augusta's indigenous population is 8.5x higher than the SA average and 6.5x higher than the national average. (1)
+ Investor preferred net lease terms with tenant paying all usual outgoings as per lease.
+ Strong and certain income growth with fixed 3% annual rent increases.
+ Well-presented 270sqm* government office with recent upgrade.
+ Prime 305sqm* freehold site directly opposite full line Coles supermarket.
+ Stamp duty free investment.
+ Port Augusta: key regional hub with $1.4 billion economic output. (2)
+ Net Income: $60,335pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 26 June 2024
Level 2, Conference Hall, Crown Promenade, Melbourne
*Approx
1. ABS
2. NIAA
Burgess Rawson Agents (RLA 327401)
Beau Coulter - 0413 839 898
Sam Mercuri - 0413 830 709
