93 - 95 Wilson Street Burnie TAS 7320

Offices
654 m²
For Sale, $1,400,000 + GST (If applicable)

Fully Leased ASX Backed Investment - Westpac Burnie

Westpac - top 5 ASX listed company
Renewed five year lease to 2027
Estimated Net income $95,703 pa

We are pleased to offer 93 - 95 Wilson Street, Burnie, Tasmania for sale by Private Treaty at $1,400,000 + GST (if applicable). Leased to Westpac, a top 5 ASX listed company with a market cap of 109.91* billion and situated in the heart of the Burnie CBD, this asset provides a perfect mix of quality lease covenant and highly identifiable, 'main street' CBD exposure.

Five-year lease to June 2027, plus tenant option to 2032
Net lease structure (excludes land tax)
Westpac pays rates, water and building insurance
Annual 3.00% fixed increases, market review at option
Highly visible 654 sqm * 'main street' branch
Next closest Westpac branch ~ 47.5* km east in Devonport
Estimated Net income $95,703 pa excl. GST (before owners outgoings)

For further information or to arrange an inspection, please contact Clinton O'Keefe or Nicholas Bond.