42 Morilla Street Lightning Ridge NSW 2834

Burgess Rawson is pleased to offer to the market this Westpac leased investment located at 42 Morilla Street, Lightning Ridge NSW for sale via our upcoming Investment Portfolio Auction 175.

The opportunity has the following key investment highlights:

+ Brand new 5 year net lease from January 2025, with options through to December 2039
+ Premium tenant covenant, Australia's first company: Westpac
+ Top 5 ASX banking giant serving over 12.7 million customers, with a market cap of $108.2 billion*^
+ Attractive net lease terms with tenant responsible for 100% of all usual outgoings, as per the lease
+ Fixed 3% annual rental increases, ensuring compounding rental growth
+ Large 1,011sqm* freehold landholding complemented by valuable street frontage of some 20.1m* to Morilla Street, thoroughfare through the Lightning Ridge CBD
+ Longstanding bank of 20+ years with valuable safety deposit boxes
+ Lightning Ridge: home to the world-famous black opal mines and part of the Walgett Shire Council, an important service centre with an economic output of $651.4m^^
+ Strategic positioning on Morilla Street, a thoroughfare through Lightning Ridge's commercial business district, adjacent to Australia Post and in close proximity IGA Plus Liquor
+ Net Income: $84,500 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 25 March 2025
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information

*Approx
^ASX: As of 26/2/2025
^^transport.nsw.gov.au