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91 Victoria Street
Taree NSW 2430
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Sold on 4 Dec 2023

91 Victoria Street Taree NSW 2430

  • Offices
  • 1 m²
  • Sold

New 5 Year Lease NSW Government Investment

    Burgess Rawson and First National are pleased to present this impressive, high profile NSW Government leased investment located at 91 Victoria Street, Taree to the market for sale via our Investment Portfolio Auction 165.

    The investment has the following key investment highlights:

    + Recently renewed 5 year net lease to NSW Government to 2028, plus further 5 year option extending to 2033
    + Corrective Services NSW: supervising offenders & deliver programs to reduce re-offending, and facilitate reintegration for a safe community
    + Government Social Infrastructure: government funded, highly reliable and stable asset class
    + Prime 1,406sqm* corner site with 62m* combined frontage
    + New 535sqm* complex built in 2018
    + Important 17 on-site car spaces
    + Strong growth area with the Taree population forecast to grow by 17.6% by 2041
    + Compounding 3% rental increases, ensuring income growth
    + Tenant pays outgoings including land tax and management fees, as per the lease
    + Taree: retail & commercial capital of the Mid Coast council, trade catchment circa 93,800
    + Net Income: $159,703 pa* + GST (as at February 2024)

    To be sold by Investment Portfolio Auction 165
    10:30am AEDT Tuesday 5 December 2023
    Sydney Opera House, Yallamundi Rooms

    Please contact the exclusively appointed team for more information.

    *Approx.

    AUCTION

    Auction date and time05/12/2023 10:30
    Auction locationYallamundi Rooms, Sydney Opera House
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold4 Dec 2023
    Floor Area1 m²
    Land Area1,406 m²
    ParkingAsk Agent
    Property ID2018888097
    Category
    Last updated  7 Dec 2023
    Map for 91 Victoria Street Taree NSW 2430

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    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold4 Dec 2023
    Floor Area1 m²
    Land Area1,406 m²
    ParkingAsk Agent
    Property ID2018888097
    Category
    Last updated  7 Dec 2023

    Co-Agents

    Raoul Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 304
    Rhys Parker
    Burgess Rawson Sydney
    Call
    0451 101 042
    John Ingui
    Burgess Rawson Sydney
    Call
    0486 011 406

    More about 91 Victoria Street Taree NSW 2430

    91 Victoria Street Taree NSW 2430 is categorized as Office. It has a floor area of 1 m². The listing ID for this property is 2018888097.

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