Sold Price $1,260,000 - Yield 6.74% - Muswellbrook (Hunter Region) - ASX Listed Tenanted Investment

Leased to one of Australia’s ‘Big 4 Banks’ within the heart of Muswellbrook, Cushman & Wakefield are pleased to bring to the market 46-50 Bridge Street. Occupied for more than 34 years by the same tenant, this recently refurbished building offers an outstanding opportunity to secure a strategically positioned asset within Muswellbrook CBD.

The property has the following key characteristics:

• Renewed 3 year lease to 2021 plus options to 2027
• Leased to National Australia Bank (NAB) - ASX listed company with market capitalisation of $76.4 Billion, member of the ‘Big 4 Banks’. NAB has over 35,000 employees, serving 9,000,000 customers at more than 900 locations in Australia, New Zealand and around the world.
• Long standing tenant with occupation of 34+ years
• Newly installed ATM and recent refurbishments
• Iconic CBD location on Muswellbrook’s main retail/ commercial strip.
• Muswellbrook - Strong regional town within the Hunter Valley, supported by mining, tourism and agriculture.
• 11 car parks on title
• Annual CPI rent reviews
• Tenant pays 100% of outgoings
• Net Income: $88,532* pa + GST

*Approx

For more information please contact the agents at Cushman & Wakefield.