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 Private Treaty.

The opportunity has the following key investment highlights:

+ Brand new 5 year lease from January 2025, with options through to December 2039
+ Premium tenant covenant, Australia's first company
+ Attractive net lease terms with tenant responsible for usual outgoings excluding land tax (currently below the land tax threshold on a single holding basis),
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
+ 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

For Sale via Private Treaty

Please contact the exclusively appointed sales team for more information

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