93 - 95 Wilson Street
Burnie TAS 7320
7.00% net* ~ $1,365,000 + GST (If applicable)
Fully Leased ASX Backed Investment - Westpac Burnie
We are pleased to offer 93 - 95 Wilson Street, Burnie, Tasmania for sale by Private Treaty at $1,365,000 + GST (if applicable). Leased to Westpac, a top 5 ASX listed company with a market cap of 117.53* 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.
Features
General Features
- Land Area: 940sqm
- Commercial Type: Offices
- Building Area: 654sqm
- Zoning: Central Business
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