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Sale & Lease Back - 8% Yield - Strong Regional Tenant

Narrabri, 65A Barwan Street

$650,000 Plus GST (if any)

Listing Number: LHN3667
About this listing
- 1,014m2 Local Centre Zoned freehold allotment
- Drive through access with frontage to Barwan Street & an unnamed rear lane
- Well built high clearance warehouse, workshop with retail showroom and office complex
- Total floor area Exc Mezzanine of 440m2 with 173m2 of mezzanine storage
- 3 Phase power, 36 Kilowatt solar system, new evaporative air conditioning
- Commencement Rental of $52,000 p.a. + GST
- Tenant is a well known established family owned plumbing business that has been in operation for over 20 years in the Narrabri district.
- The business services and sells a wide range of products for major brands and has an extensive customer base including government works.

Narrabri is one the richest agricultural shires in Australia being located in the centre of a major cotton industry with substantial wheat, pulse and fodder production also occurring in the region.

In addition to substantial agricultural industries the local economy is also supplemented by Coal & Coal Seam Gas mining operations.
Located in a high throughput commercial precinct this versatile industrial/commercial site offers a sound cash flow and strong underlying value given the limited supply of quality light industrial/commercial complexes in the Narrabri Shire.
Property Information
  • Land Size: 1014 sqm
  • Tenure: Fee Simple
  • Property Type: Warehouse, Office, Retail, Tenanted Investment
  • Floor Area
    • Showroom Square Metres: 220
    • Warehouse Square Metres: 220
    • Mezzanine Square Metres: 173
  • Tenancy 1: Area Sqm: 440, Rental net/gross p.a.: 44200, Tenant Name: Narrabri Plumbing, Term (years): 2

Contact Details

2/155 Maitland Street
Narrabri

Property Location

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