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138 Baylis Street, Wagga Wagga, NSW, 2650

+8 Photos

+10 Photos

SOLD

138 Baylis Street, Wagga Wagga, NSW, 2650

Properties / Sold / New South Wales / Wagga Wagga

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Contact Agent

Land Area

344 m² (*approx)

Floor Area

430 m² (*approx)

Property Type

Offices, Retail, Other

Sub-type

Strip Retail, Office Suites

Terms

5 year and 5 month net lease commenced 1st February 2023 plus options extending to 2043

Est. Income

$169,656 p/a

Fully Leased

Fitzpatricks

Show All

2. Property Highlights

Prime Main Street Freehold - Iconic Tenant with 73 Year History

5 yr & 5 month net lease + opts to 2043
Prime CBD location
Net Income: $169,650 pa* + GST

Burgess Rawson is pleased to present 138 Baylis Street, Wagga Wagga NSW to the market for sale via Private Treaty.

The asset has the following investment features:

+ 5 year and 5 month net lease commenced 1st February 2023 plus options extending to 2043

+ Fitzpatricks: well-established tenant, operated from this address for over 24 years and in Wagga Wagga for 73 years

+ Net lease, with tenant paying all usual outgoings

+ Annual built-in CPI rent reviews

+ Two-storey freehold building in prime CBD location

+ High quality and extensive tenant fit-out featuring a combination of open plan and partitioned steel/glass frosted offices, prestige marble walls and granite flooring

+ Tenant plans in place to renovate and enlarge the kitchen/staff room, refurbish the reception area and add new meeting rooms

+ Wagga Wagga: NSW largest inland city, with 69,000 people which is expected to grow by over 12% to 2036

+ Net Income: $169,650 pa* + GST

For Sale via Private Treaty.

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx

Remember to mention you found this property on CommercialReady

Property Type

Offices, Retail, Other

Sub-type

Strip Retail, Office Suites

Est. Income

$169,656 p/a

Tenant

Fitzpatricks

Terms

5 year and 5 month net lease commenced 1st February 2023 plus options extending to 2043

Land Area

344 m² (*approx)

Floor Area

430 m² (*approx)

Selling Method

Auction

Selling Details

Contact Agent

2. Property Highlights

Prime Main Street Freehold - Iconic Tenant with 73 Year History

5 yr & 5 month net lease + opts to 2043
Prime CBD location
Net Income: $169,650 pa* + GST

Burgess Rawson is pleased to present 138 Baylis Street, Wagga Wagga NSW to the market for sale via Private Treaty.

The asset has the following investment features:

+ 5 year and 5 month net lease commenced 1st February 2023 plus options extending to 2043

+ Fitzpatricks: well-established tenant, operated from this address for over 24 years and in Wagga Wagga for 73 years

+ Net lease, with tenant paying all usual outgoings

+ Annual built-in CPI rent reviews

+ Two-storey freehold building in prime CBD location

+ High quality and extensive tenant fit-out featuring a combination of open plan and partitioned steel/glass frosted offices, prestige marble walls and granite flooring

+ Tenant plans in place to renovate and enlarge the kitchen/staff room, refurbish the reception area and add new meeting rooms

+ Wagga Wagga: NSW largest inland city, with 69,000 people which is expected to grow by over 12% to 2036

+ Net Income: $169,650 pa* + GST

For Sale via Private Treaty.

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx

Remember to mention you found this property on CommercialReady

Tenanted Investment