41-43 John Street Coonabarabran NSW 2357

Burgess Rawson is pleased to offer to market the freehold interest in 'Coonabarabran Chemist' located at 41-43 John Street, Coonabarabran NSW for sale via Auction Investment Portfolio 172.

The property has the following key investment highlights:

+ Five (5) year net lease to Coonabarabran Chemist to August 2028.
+ Two (2) further Five (5) year options to 2038.
+ Coonabarabran Chemist: part of Alliance Pharmacy, one of Australia's largest independent pharmacy operators with a network of 362 locations Australia-wide.
+ Longstanding pharmacy in operation 45+ years.
+ Investor preferred net lease terms with the tenant responsible for all usual outgoings as per lease.
+ Fixed 4% annual rent increases, ensuring income growth.
+ Single tenant minimal management investment.
+ Well-maintained 380sqm* retail building in line with Alliance Pharmacy's latest corporate design, including 150sqm* of rear storage.
+ Prominent 446sqm* Local Centre zoned landholding with important 11m* frontage to John Street (Oxley Highway), the region's main thoroughfare.
+ Absolute town centre location with Warrumbungle Shire, Woolworths, IGA, Toyota, Home Timber & Hardware, NAB, CBA and Coonabarabran Hospital all within 500m.*
+ Surrounded by important social infrastructure 3 schools within 850m* that combine to service 640+ full time students. (1)
+ Coonabarabran: known as the 'Astronomy Capital of Australia', the municipality is the capital of the Warrumbungle Shire and is located at the midpoint between Melbourne and Brisbane, approximately 2 hours from Tamworth & Dubbo. (2)
+ Net Income: $44,000 pa* + GST.

For Sale by Investment Portfolio Auction
10:30am AEDT Tuesday 29 October 2024
Sydney Opera House, Sydney

1 GapMaps
2 REMPlan