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

46-50 Bridge Street Muswellbrook NSW 2333

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Key Property Highlights

Building Area 510 sqm
Land Area 792 sqm
Parking 11 car parks on title
Listing Status Sold

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.

Sold Price $1,260,000 - Yield 6.74% - Muswellbrook (Hunter Region) - ASX Listed Tenanted Investment46-50 Bridge StreetMuswellbrook, NSW 2333
46-50 Bridge Street Muswellbrook NSW 2333