Modern Commercial Investment | Prime Town Centre Position

7/125 Maitland Street, Narrabri NSW 2390

$425,000
 | For Sale

Situated in the centre of Narrabri’s High Street, this commercial property offers a secure registered lease with a strong tenant offering high returns.

– Net Income $34,373 pa + GST
– Tenant pays all outgoings as per lease
– 3 x 3 year lease with annual rent adjustments

Internal Area: 147m2 approx

Office features a high-end commercial fitout of 3 enclosed offices, one open work space, reception area, kitchenette/break room and amenities.

Property Highlights:

– Tenant Hennessy Real Estate (est. 2013) in place since Feb 2021
– Annual CPI/Fixed Percentage Rent Increase
– Tenant pays outgoings (council rates, strata contributions)
– Council Rates $957 qtr, Strata Contributions $780.65 qtr
– Wheelchair accessible
– Reverse cycle air conditioning – very comfortable and energy efficient workspace
– Dedicated car space plus visitor parking with rear access to Tibbereena St
– Situated in the heart of Narrabri CBD in a high visibility location near Post Office, Major Banks, Boutiques, Cafes and Professional Services.

Building Details: Redeveloped in 2011 the building features 4 apartments (upper floor) and 4 ground level commercial premises.
Neighbouring tenants include Santos (ASX:STO).

Contact the agent for further information.

Agent Interest.